Millennials: Saving for Retirement Can Wait.

• Position: YOUR LIFE

Nearly four in 10 young adults in the U.S. believe that saving for retirement can wait, indicates a report from Navienfs Money Under 35 national study. The research finds that many young adults, ages 22 to 35, tend to prioritize short-term goals like homeownership, saving for vacation, paying down debt, or building an emergency fund.

"Many millennials just starting out may struggle to balance paying down debts and saving money, especially for retirement," says Julie Wilson, head of research for Navient Corp., Wilmington, Del. "Our research explores how these trade-offs affect their financial health in the short term."

Findings include:

* 31% report saving for retirement. Of those who are saving, the average amount saved is $32,818, a decrease from the 2016 average of $37,638.

* 45% of bachelor's degree holders age 22 to 35 are saving for retirement, more than their peers with other levels of education: 38% of advanced degree holders; 31% of associate degree holders; and 25% of young adults who do not have a degree.

* Student debt is not preventing young adults with a degree from saving for...