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Wells Fargo Survey: Majority of Millennials Say They Won’t Ever Accumulate $1 Million (Wells Fargo & Company)

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(Source: Wells Fargo & Company) Nearly a Third of Hispanic Millennials Provide Support to Two or More Generations Millennial Women Face a Significant Wage and Savings Gap CHARLOTTE, N.C., August 3, 2016 Nearly two-thirds (64%) of working millennials say they will never accumulate $1 million in savings over their lifetime, according to the Wells Fargo Millennial Study. Six in ten (59%) of millennials have started saving for retirement, whereas 41% have not. Of the millennials who are not saving for retirement, 64% say they are 'not making enough money to save for retirement.' The Wells Fargo Millennial study was conducted by GfK and surveyed over 1,000 U.S. adults between the ages of 22 and...

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