Debt Weighs Heavily on Millennials
They may be grappling with debt for decades to come, according to Nationwide Advisory Solutions.
They may be grappling with debt for decades to come, according to Nationwide Advisory Solutions.
However, only 24% of women say they are comfortable with their knowledge on investing, Fidelity Investments found.
Twenty-nine percent say financial planning makes them feel “excited and inspired,” a survey by Northwestern Mutual found.
This is true for only 43% of all business owners.
This is despite having lived through two bear markets.
More than one-third of Gen Xers and Millennials have no retirement savings, and although many expect to rely on Social Security for a major portion of retirement income, they have no intention of maximizing their benefits, a survey finds.
More than half have set specific retirement goals, J.D. Power learned in a survey
This will mean shifting their current focus from Baby Boomers, TD Ameritrade learned in a survey.
IRI President and CEO Cathy Weatherford says financial advisers are uniquely positioned to help Gen X effectively plan for their retirement concerns.