Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
Yeah. There is always the issue of people not being able to understand that others have different life experiences than them. But, because anyone whoi expects to live past 60 have started to think about retirement, we also get the dunning kruger effect.
Similarly, I am not aware of any service industry jobs that really prioritize 401ks. And it seems like a crapshoot for teachers and education adjacent jobs whether they get pushed for a 401k or a pension fund that will likely get blown on hookers and blow long before they reach retirement age.
I do think that, in general, people need to educate themselves and at least have an IRA they put money into around tax season every year. But I get that even being able to do that is already incredibly privileged.