Search results for: Millennials
Millennials, Gen Z Triple Financial Wealth Since 2019
Financial assets of the two generations have grown to almost $6 trillion in 2022 from $2 trillion in 2019.
Millennials Redefine Retirement as ‘Financial Independence’
Although Millennials are somewhat confident about having enough retirement savings, a significant number experience 'money dysmorphia,' according to new research.
Inflation Hitting Millennials Hardest as They Seek to Meet Needs
Millennials are most likely to reduce insurance and retirement contributions due to inflation, but financial wellness can help with more generational focus, according to recent research.
Millennials and Gen Z Wealth Rises 25%, Outpacing Gen X and Boomers
The growing wealth of younger generations brings more challenges – and opportunities – to the investing and retirement planning sector, according to a report from Cerulli.
Market Downturn May Drive Millennials to Cash Out Retirement Plans
New retirement research shows that plan participants are increasingly growing frustrated in today’s market.
Millennials May Be Headed Towards a Rocky Retirement, Research Shows
The Pension Research Council at Wharton Business School published findings that suggest millennials will likely have lower relative retirement savings than previous generations.
Addressing Millennials’ Debt vs. Saving Dilemma
A number of Millennials are misinformed about when to save and invest for retirement, and they need plan sponsor help with student loan debt.
Millennials Hit Hardest During the Pandemic
Many have dipped into their retirement savings, and some have even stopped or cut back on their contributions.
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Millennials Risk Savings So They Can Buy Their First Home
Though some might say they’re trading one good investment for another.
Millennials Offer Opportunity to Provide Investing Help
While a survey finds the majority of Millennials are investors, the top three reasons some Millennials do not invest are they do not have enough money to do...
Debt Weighs Heavily on Millennials
They may be grappling with debt for decades to come, according to Nationwide Advisory Solutions.
For Millennials, Market Volatility Can Bring Opportunity
While workers with nearer retirement dates fret stock market volatility, Millennials have the chance to buy discounted shares and enjoy compounding returns.
Millennials the Most Likely to Own Mutual Funds in Their Retirement Plan
Nearly half owned their funds only through their employer-sponsored retirement plans, according to the ICI.
Millennials the Most Motivated to Develop a Financial Plan
Twenty-nine percent say financial planning makes them feel “excited and inspired,” a survey by Northwestern Mutual found.
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Most Millennials Have Appropriate Allocations
This is despite having lived through two bear markets
Millennials Not Confident About Making Investing Decisions
They are also not interested in robo advisers, preferring to work with financial professionals in person.
Millennials Struggling to Establish Themselves Financially
Gen Xers are in a much better financial place, with many having paid down their student loans. This is enabling them to focus on retirement savings.
Millennials Save More in ETFs and Cash
A Charles Schwab SDBA report says the group allocated to ETFs and saved cash at a higher rate than other generations.
Millennials Overestimate Amount Needed to Start Investing
A survey revealed that 46% of Millennials think you need at least $1,000 to start investing, and 17% think you need $10,000.
Millennials Open to Investment Advice and Help Planning for Retirement
Asked what they look for in an adviser, Millennials say experience, followed by someone with similar demographic qualities as themselves.