Three Reasons Millennials Put off Saving for Retirement

A recent Bank of America/Merrill Edge survey found that many Americans, especially millennials, procrastinate when it comes to saving for the future, yet still want a lifestyle upgrade when they reach retirement.

The survey found that 48 percent of millennials reported the economy most impacts their savings habits, as opposed to their spending or investing habits, and that only 27 percent of millennials have been able to save for retirement this year.