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Savings & Retirement

Older Millennials On Track to Retire More Comfortably Than Late Boomers

A report by Vanguard says changes in the retirement industry will help younger workers afford more in retirement.

Photographer: Adam Glanzman/Bloomberg
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Millennials often worry they'll never retire. Turns out, a lot are better situated than baby boomers.

That's according to a Vanguard Retirement Readiness report that found older millennials, across most incomes, are on track to retire with a closer level of income-to-spending needs than both Gen X and late baby boomers.