Search results for: Millennials

According to data from John Hancock Retirement Plan Services and Allianz Life, many Millennials have already fallen behind recommended retirement savings targets—but they also have time to recover...

Despite being overly confident about their investment knowledge, 94% of Millennials expressed a desire to learn more about investments, according to a new study.

However, Millennials are using technology more frequently for managing finances and leading healthy lifestyles.

And only 21% are working with a financial adviser

A new TD Ameritrade survey report likens the mindset of Millennial investors to that of workers living in the wake of the Great Depression, nearly a century ago. 

Of the 41% who haven’t started saving for retirement, the majority say they aren’t making enough.

However, more Millennials than Baby Boomers expressed high levels of concern about market volatility and its impact on them reaching their retirement goals.

Thirty-eight percent know how much they’ll need, and 40% have decided the age when they’ll retire.

Ninety percent rely on financial advisers to diversify their portfolio.

The younger generation wants help with financial planning and investing, but tends to rely on friends and family for advice rather than working with an adviser.

Retirees surveyed stressed to pre-retirees the importance of professional financial advice when planning for retirement.

Millennials feel hopeful about retirement, despite the fact that many of them haven't saved at all or don't know their net worth.

Many are looking forward to it with excitement.

Despite economic hurdles, the majority thinks they will “make it” financially.

Even if they are earning little, they need to start saving for retirement early on in life.

Millennials are saving more money than any other age group, with 62% stating they are saving more than 5% of their incomes, according to a Bankrate.com survey. 

A survey finds Millennials are committed to saving.

Millennials are doing a good job of putting aside savings, but retirement is not the top reason.

 

Dinners out and student loan debt are just two of the factors squeezing Millennial’s ability to save.