9 10, 2018

Nearly 40% of Millennials Believe Retirement Saving Can Wait

2018-10-09T09:29:02-07:00October 9th, 2018|Categories: Retirement|Tags: |

When you're in your 20s, retirement can seem impossibly far away. Investing for something that's some 40 years in the future may feel a bit like taking scarce resources that you need right now, and locking them away for a time that might never come. And even it if will, there's no need to start planning for it today. Later will be fine. Of course, older people know different. They recognize (often with regret over having failed to take [...]

31 10, 2017

23% of millennials do not know how much their employer pays into their workplace pension

2017-10-31T20:10:57-07:00October 31st, 2017|Categories: Pension Funding|Tags: , |

Under a quarter (23%) of respondents aged between 18 and 34 with a workplace pension do not know how much their employer is paying into their occupational pension, according to research by Aegon. Its survey of 685 adults, including 380 employees who have a workplace pension, also found that 58% of millennial respondents think it is their employer’s responsibility to help them plan for retirement. […]

19 01, 2017

The New Retirement: Not Retiring

2017-01-19T17:57:07-08:00January 19th, 2017|Categories: Retirement|Tags: , |

Younger generations may never experience retirement as it’s defined today, according to the latest Merrill Edge® Report. The majority (83 percent) of millennials plan to work in retirement, whether for income, to keep busy or to pursue a passion, which is a complete inverse of the 83 percent of today’s retirees who are not currently working or never have during their golden years. The survey of more than 1,000 mass affluent Americans1, conducted between September 24 and October 5, [...]

8 11, 2016

How millennials are changing the sustainable investment landscape

2016-11-08T21:46:18-08:00November 8th, 2016|Categories: Sustainable Investing|Tags: |

Demographic trends have created huge opportunities for investors globally, whether it be the aging population in Japan or the rise of the educated middle class in Asia. However, no demographic has been more vocal on the sustainable investing front than the so called ‘millennials’ or ‘generation Y’. This group currently comprises around 20% of the UK population and totals 92 million in the US alone, making them the largest generation in the country’s history and even bigger than the [...]

29 09, 2016

Six in 10 Millennials Would Sacrifice Pay for Guaranteed Retirement Benefits

2016-09-29T18:22:54-07:00September 29th, 2016|Categories: Retirement|Tags: , |

Faced with mounting worries over their finances and retirement outlook, six in 10 millennials say they are willing to sacrifice pay for more secure retirement benefits. At the same time, however, their appetite for forgoing some of their pay for reduced or more predictable health benefit costs has decreased over the last few years, according to research by Willis Towers Watson, a leading global advisory, broking and solutions company. […]

24 08, 2016

Retirement doesn’t look too rosy for many

2016-08-24T16:39:03-07:00August 24th, 2016|Categories: Retirement|Tags: , , |

The golden years of retirement may not be so golden. At least, that’s what most people fear. The 17th Annual Transamerica Retirement Survey found that 45 percent of Baby Boomer workers expect a drop-off in their standard of living when they call it quits. And the pessimism doesn’t get much better among other generations. Eighty-three percent of Generation X workers believe they will have a harder time achieving financial security than their parents’ generation. Among millennial workers, the youngest [...]

19 01, 2016

Generation Gap: Why Millennials Have Hooked On To Impact Investing

2016-01-19T23:50:13-08:00January 19th, 2016|Categories: Socially Responsible Investment|Tags: , |

Impact investing isn’t only for the softhearted. In the past year alone, BlackRock launched new business unit BlackRock Impact, Goldman Sachs bought impact advisory firm Imprint, and former Massachusetts governor Deval Patrick now heads up Bain & Capital’s impact fund. “Some of the most celebrated and followed world-class investors have jumped into impact investing in the last year,” says Jean Case, AOL Inc entrepreneur and CEO at the Case Foundation. Hedge funder Bill Ackman put $5.8 million into Bridge International [...]

1 12, 2015

Millennials, Gen-X Canadians Know They are Not Saving Enough to Live Their Retirement Dreams

2015-12-01T19:44:37-08:00December 1st, 2015|Categories: Retirement|Tags: , |

TD survey finds that 78 per cent of Millennials are not saving for retirement because they don’t earn enough According to a recent TD survey, younger Canadians have big dreams for their retirement years – whether it’s travelling, buying a vacation property or starting a business – but most recognize they’re not saving enough to turn those dreams into reality. While more than half of Millennials (57 per cent) surveyed would ideally like to retire by the time they [...]

21 01, 2014

Generation X faces biggest retirement hurdles

2014-01-28T22:50:53-08:00January 21st, 2014|Categories: Retirement|Tags: , , |

Baby boomers are not as prepared as they should be for retirement, but it is Generation X that faces the biggest financial threat in the future, according to a study by Financial Finesse. The study looked at the financial strengths, weaknesses, opportunities and threats to the Millennials, Generation X, late baby boomers and early baby boomers based on 23,749 employees who answered a financial wellness assessment. Generation X made improvements to their finances in 2013, but they are behind [...]

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