Young people already wary of retirement

USA TODAY: Millennials and Gen Xers express lack of confidence in being able to retire when the time comes.

That’s a key finding from a new report released Tuesday by Bank of America and Merrill Edge.

The survey of more than 1,000 Americans found that among Gen Xers who were still working, 74% were most likely to believe they’ll be financially stressed in retirement based on how they are currently putting money away. Among Millennials, 67% had the same fear. That’s in contrast to 59% of current retirees who say they aren’t worried about money because of how they saved.