MetLife Finds Younger Employees Concerned about Income Protection

MetLife said its 8th Annual Employee Benefits Trends Study approximately one out of two Gen Y employees does not feel very confident about their ability to make the right financial decisions for their families.

The study found that about seven out of ten Gen Y employees are very concerned about having enough money to pay bills during a period of sudden income loss. Of those Gen Y employees that say they have disability income insurance coverage, one-third (35%) are unsure how much of their income is protected.  

In addition, about half of Gen Y employees are very concerned about the financial impact of their premature death on their families. Despite being younger than their co-workers this concern level is approximately the same, MetLife said.