It's not easy being a millennial these days.
Sure, they may have piled up the trophies in their childhood, but millennials are now old enough to be attending college or embarking on careers. And they are doing so as they contend with a number of special challenges, from staggering levels of student debt to global job competition to anemic wage growth.
The problem is, those challenges make it all too easy for millennials to put off developing savings habits that could ensure a secure future. So says a new report from J.P. Morgan Asset Management on millennials and money, which has also calculated what millennials need to be saving for later life.
"Many will have to finance retirements that are longer than the number of years they work," the report noted.