17 Valid Excuses Why Young People Are Not Saving for Retirement

3. They’re pursuing entrepreneurial endeavors

the office

Many young people want to be their own boss. | NBC

Young people have caught the entrepreneurial bug and have no plans to find a cure. In a Bentley University survey, 67% of young people would prefer to start their own business rather than climb the corporate ladder. Could it be that millennials are willing to place a priority on career over retirement while they’re still young enough to recover? Financing a startup is tough, but financing a startup while also supporting children, a spouse, and a mortgage is tougher.

Next: Saving for retirement should be in the forefront, but many young people have another goal.

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