Testimony by Shai Akabas to the House Republican Policy Committee

Representative Stefanik, and members of the committee, thank you for the invitation to testify. As a Millennial myself, I look forward to discussing the issues our generation will face in retirement, and what Congress could do to help.

Millennials will soon surpass baby boomers as the largest generation in U.S. history. Our generation is made up of more than 70 million Americans. Moving through their working years, this demographic “wave” will power the U.S. economy for decades. But at some point, we too will retire. And as of right now, we are simply not preparing well for that moment. In fact, many Millennials haven’t made any preparations at all.