Millennials Milestones Not Supported by Action #infographic

Ali Saeed July 31, 2019 Activities
Millennials Milestones Not Supported by Action
While millennials (adults between 18 and 34 years of age) favor to accomplish many of the same typical existence milestones as their older counterparts, they are later waiting to begin saving and as a substitute focal point on other economic objectives, a survey commissioned by using the Million Dollar RoundTable (MDRT), an association of pinnacle economic experts, and undertaken on-line via Harris Poll in April among over 2,000 Understanding the millennial mind-set and understanding the triggers of their economic planning can assist economic specialists participate with their long-term targets sooner and extra effectively.

Despite the truth that the common age millennials say they assume to retire at age 62 — which is youthful than older generations ' expectations (age 45-54 at age 66; age 55-64 at age 65; and age 65+ at age 73) — a mere 22% of millennials say they are nowadays saving for retirement.

Millennials are more centered on other priorities such as travel, higher education, or shopping for / renovating a domestic when it comes to economic planning. With 91 percent of millennials pronouncing they don't even have a financial layout for retirement, one of the probable most significant priorities falls by way of the wayside. When millennials have been puzzled in the next five years about their priorities.

Millennials Milestones Not Supported by Action #infographic

Source: www.prnewswire.com

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