10 Compelling Reasons Millennials Aren’t Having Kids
- By
Julia Austin
Source: ljubaphoto / Getty
Pensions are extinct
People used to be able to rely on the idea that if they worked hard for about 30 years, they wouldn’t have to work anymore and could rely on a pension to fund their retirement years. They didn’t even have to think about it. They just did their job, and the pension waited for them. Now, more companies are turning to a different type of retirement plan – namely things like 401Ks. The trouble is that puts the burden on the employee to be saving every month, to be calculating what they can afford to contribute, and to be keeping up with increasing contributions over the years. Traditional pensions are almost completely gone. It’s just one more financial stressor that makes having a family feel irresponsible.
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