It appears most young people today are NOT saving for reitrement, and of those who are, most invest their money the wrong way (ie in bonds instead of stocks).
- Anne began saving at age 40 and invested in bonds.She has $118,000 at age 65
- Barbara began saving at age 40 and invested in stocks.She has $240,000 at age 65.
- Carol began saving at age 20 and invested in bonds.She has $265,000 at age 65
- Diane began saving at age 20 and invested in stocks.She has $1,128,000 at age 65
See the full article here: http://www.ricedelman.com/planning/kidsncash/generationY.asp