US. Black and Latino millennials less likely to have a retirement plan
The financial forecast for Millennials, according to a new study released by the University of Chicago, shows grim times ahead, with few able to afford marriage, retirement or living comfortable lifestyles similar to their parents. The retirement forecast for Black millenials could prove catastrophic if better financial planning, saving and curbing unnecessary spending are not taken seriously.
According to the GenForward survey, conducted at the University of Chicago, young White and Asian adults between 18 and 34 across the U.S. were more likely than Blacks and Latinos to be employed full-time with companies offering health benefits packages geared toward financial stability.
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