Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
What percentage of millennials have 100,000 or more invested for retirement?
![Graph II - How Much Millennials, Gen X, and Boomers Have Saved for Retirement
How Much Millennials, Gen X and Boomers
Have Saved for Retirement
MILLENNIALS
(18-34)
6.3% 2.2%
42.2%
29.8
11.2%
3.5 4.9
GEN X
(35-54)
29.8%
11.2 10.3% 8.8%
12.1%
6.2
5.8
BOOMERS
28.0%
8.7 7.1 10.3
22.4%
& SENIORS
(55+)
Have saved
SIOK $49K
Don't have
Have saved
Have saved
retirement savings
$100K - $199K
$300K or more
Have saved
less than $10K
Have saved
$50K S99K
Have saved
$200K - $299K
Courtesy of GOBankingRates.com
O 3.5%
O 7 1%
O 10.6%
O 11 2%
4.
Next
2.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7bb0e1f5-8de3-4dff-ad88-8bf48b430554%2Fff888803-ecb6-4e5b-8bba-df4654dc580d%2F5fhnasr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Graph II - How Much Millennials, Gen X, and Boomers Have Saved for Retirement
How Much Millennials, Gen X and Boomers
Have Saved for Retirement
MILLENNIALS
(18-34)
6.3% 2.2%
42.2%
29.8
11.2%
3.5 4.9
GEN X
(35-54)
29.8%
11.2 10.3% 8.8%
12.1%
6.2
5.8
BOOMERS
28.0%
8.7 7.1 10.3
22.4%
& SENIORS
(55+)
Have saved
SIOK $49K
Don't have
Have saved
Have saved
retirement savings
$100K - $199K
$300K or more
Have saved
less than $10K
Have saved
$50K S99K
Have saved
$200K - $299K
Courtesy of GOBankingRates.com
O 3.5%
O 7 1%
O 10.6%
O 11 2%
4.
Next
2.
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