Millennials and finances

Millennials may have their elders beat on the computer, but they have a few things to learn about finances.

In the 2013 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI), workers aged 55 and older said the following about their retirement savings:

• 60% have less than $100,000 in retirement savings
• 43% have saved less than $25,000
• 36% have saved less than $10,000