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Young adults facing steeper climb to retirement

Millennials may have to invest a much greater portion of their income to meet their retirement goals, a new study shows. Try 22 percent of their income, to be exact, according to the NerdWallet analysis. That figure is based on the assumption that the slower economic growth that has followed the Great Recession will cause average annual stock market returns to fall from 7 percent currently to 5 percent in the future, as some analysts predict.
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