Millennials and Generation X are more worried about retirement than baby boomers and the Silent Generation, a study by the National Institute on Retirement Security has found.
In the wake of the Covid-19 pandemic, 64% of millennials and 54% of Generation X are concerned about their retirement security, versus 42% of baby boomers and just 25% of the Silent Generation.
“Generation X and Millennials are the first two generations that largely will enter retirement without a pension, so it’s not surprising that their anxiety is higher,” Dan Doonan, executive director of the Washington-based organization whose members include financial services firms, employee benefit plans, trade associations, and other retirement service providers, said in a statement.
The research found strong support for pensions and Social Security, with the highest support for expanding Social Security among millennials, at 61%. Similarly, pensions were viewed favorably by all generations, with millennials expressing the highest favorability, at 81%.
The report is based on a survey of 1,203 people 25 and older conducted by Greenwald Research in December.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Six apartment deals, one "big account," and $2.7M in undocumented insider loans. Now the lawsuit lands
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
