Different generations view retirement differently. Some are willing to invest in risky assets with the hopes of retiring more comfortably, while others are not willing to risk any variation in their future income.
The infographic below describes how Gen Y views retirement savings. Based on the survey from which these data are taken, individuals in their 20s and 30s (also called "millenials") are more likely to choose safe investments rather than growing investments. In other words, they prefer "income" over "growth."
1. What are the benefits and risks of choosing income over growth when it comes to retirement?
2. Why do Gen Y individuals seem to choose the financially safe route?
3. In your opinion, which type of retirement investment is right for you?
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