Here’s some advice for young people who want to retire rich but feel too strapped to save

Many millennials can’t imagine saving for retirement now, when they’re busy paying for housing, student loans, groceries and utilities, children and health expenses.

But maybe it doesn’t need to be so hard.

Two-thirds of millennials have nothing saved for retirement, according to the National Institute for Retirement Studies, and 95% are not properly saving.

Critics say these young people, who are in their mid-20s to mid-30s, would rather drop all their money on lattes and avocado toast instead of funding a retirement account or a home down payment. They’re also called entitled and lazy. The generation argues, however, they’re not as well-off as their parents were at their age, and they can’t save for retirement because they have too many other financial obligations.

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