It can be hard for Millennials to get out ahead with high student loan burdens. But once they get a steady well paying job, they are making the right choices with their priorities.
A recent survey by T. Rowe Price says that 27% of millennials contributed to a 401k plan at work and 28% started paying down debt as a priority.
Millennials are making the right choices at an earlier age and will benefit from these choices later in life. When deciding how much to invest in a 401k, more than half saved enough to take advantage of the full employer match.
Of course not all millennials are investing in 401ks. Among those workers, their median salary was lower, about $28,000 verses well paying jobs of $57,000. They also saw a higher student loan balance than others.
Original Article can be found at http://www.chicagotribune.com/business/yourmoney/sc-cons-0716-started-20150713-column.html
