In September 2019, John Zogby Strategies released a survey that found millennials working at employee-owned companies are far better prepared for retirement than other working millennials. According to the survey, two-thirds of millennials working at “ESOP” companies expect to retire at or before age 65, twice the number of millennials at non-ESOP companies. Moreover, 56 percent of millennial workers at ESOP companies had at least six months’ salary saved for retirement, while 66 percent of millennials at non-ESOP companies had no savings at all. These striking findings are particularly important as research increasingly shows millennials generally are not financially prepared for retirement.
