Younger Workers in U.S. Increase their Savings
Tuesday, Sep. 25, 2012
American workers in their 20s and 30s are cutting back on their spending, planning for retirement, beginning to save earlier in their careers and significantly increasing their savings rate, experts said. Among the millions of workers whose employers' retirement plans are managed by Vanguard Group, 44% of employees under the age of 25 were enrolled in 401(k) plans in 2011, compared with 27% in 2003.
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