John Zogby Strategies Survey Finds ESOP Millennials Are Better Prepared For Retirement Than Their Peers At Non-ESOP Companies

Home Reports John Zogby Strategies Survey Finds ESOP Millennials Are Better Prepared For Retirement Than Their Peers At Non-ESOP Companies

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.

Click here to read the full survey results Click here for an infographic summarizing the findings

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