The Case for Personal Financial Education in Schools: Part 5
Millennials are at the start of their work lives, yet they are already tapping into their retirement accounts - if they've even started one:
• Only 36% have a retirement account
• 17% with an account took a loan in the past 12 months
• 14% took a hardship withdrawal in the past 12 months
Millennials are sacrificing their retirement accounts, and this trend is especially worrying because it can compromise long term financial security.