As a recent report from McKinsey points out, turning 30 just got a lot scarier! A looming collapse in investment returns means that 30yr olds today will have to work seven years longer or save almost twice as much to end up with the same nest egg as those of roughly a generation ago.
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McKinsey report on the impact of falling investment returns for Millennials and the rest of us.
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The forces that have driven exceptional investment returns over the past 30 years are weakening, and even reversing. It may be time for investors to lower their expectations.
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