Generation Y investors are losing faith in their retirement prospects, according to a study by MFS Investment Management.

In an October 2011 survey, 59% of investors between the ages of 18 to 30 agreed that, "Over the past few years I’ve lowered my expectations about the quality of life in retirement.” That number is up 15 percentage points from June of last year as economic uncertainties continue to weigh on the minds of a majority of young investors.

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