We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (17,774)
  • Industry Conferences (3)
  • Industry Job Openings (3)
  • Moore on the Market (207)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (656)
  • Wink's Articles (265)
  • Wink's Inside Story (238)
  • Wink's Press Releases (99)
  • Blog Archives

  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • 45% of Americans chose smartphones, cars or vacations over financial security

    April 27, 2017 by Voya

    WINDSOR, Conn., April 27, 2017 /PRNewswire/ — A new consumer survey by Voya Financial’s Annuities and Individual Life businesses revealed that many Americans might be willing to risk their financial security to keep some of their most-valued items. In fact, nearly half (45%) of Americans surveyed were willing to give up their financial security if it meant keeping either their smartphones, cars or vacations.

    “We all value the things that make our lives easier, more productive and give us joy — like spending vacation time with family and friends,” said Carolyn Johnson, CEO of Annuities and Individual Life at Voya Financial. “And while the goal of achieving financial security may feel daunting or perhaps even unreachable, Americans recognize its importance. The good news is — with some planning and guidance from the right resource — protecting our families, our income and our financial future is something we can all achieve.”

    Voya’s survey examined which of the following items Americans would be least willing to give up: their financial security, smartphones, cars or vacations. Key findings include:

    • 53% of Americans would be less willing to give up their financial security than to give up their smartphones, cars or vacations.
    • 16% of Americans would be less willing to give up their smartphones than to give up their financial security.
    • 15% of Americans would be less willing to give up their vacations than to give up their financial security.
    • 14% of Americans would be less willing to give up their cars than to give up their financial security.

    Every generation prioritizes financial security differently

    Surprisingly, Voya’s survey found that baby boomers are more attached to their smartphones than millennials — and millennials are the least willing of all generations to give up their financial security. In addition, men and women were fairly well matched, with a few exceptions.

    • Millennials: 56% of millennials surveyed said they were less willing to give up financial security to keep their smartphones, cars or vacations — more than any other generation (53% of Gen Xers and 50% of baby boomers selected financial security).
    • Baby boomers: 20% of baby boomers surveyed choose to keep their smartphone and forgo their financial security — more than any other generation (15% of millennials and 14% of Gen Xers selected their smartphones).
    • Gen X: Gen Xers were the least likely of all generations to give up their vacations to keep their financial security; 20% of Gen Xers selected vacations versus 14% of baby boomers and 13% of millennials.
    • Men: Males were less willing than females to give up their smartphones (21% vs. 12%) — even if it meant losing financial security.
    • Women: Women were slightly less willing to give up their financial security than men (56% vs. 51%).

    “We understand no one wants to sacrifice modern conveniences like our smartphones and cars to plan for retirement. Fortunately, this is where closely working with a financial professional can help every generation create a holistic plan that works for their lifestyle today, while also preparing them for tomorrow,” explained Johnson. “A financial professional can suggest solutions to help all Americans see financial security could be within their reach.”

    Since individuals have different financial needs, Voya Financial offers several life insurance and annuity products that can help all Americans grow, protect and enjoy their retirement savings. For more information, including details about our Voya Indexed Universal Life – Global Choice and the Voya Journey Index Annuity — both designed with financial security in mind, visit voya.com.

    To learn how you can prepare for retirement at any life stage, visit Voya’s Retirement Planning by Age website at voya.com/planning-advice/retirement-planning-by-age.   

    Media Contact:
    Bill Sutton

    Voya Financial
    Office:  (860) 580-2626
    Cell:  (315) 373-9685
    William.Sutton@voya.com

    About the Survey:
    Survey results are based on findings from a Telephone CARAVAN® survey commissioned by Voya Financial and conducted by ORC International of 1,018 adults in the U.S. ages 18 and older. Responses were collected between March 23–26, 2017.

    About Voya Financial®
    Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.6 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2016. The company had $484 billion in total assets under management and administration as of Dec. 31, 2016. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time —
    Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible and has been recognized as one of the 2017 World’s Most Ethical Companies® by the Ethisphere Institute, as well as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook and Twitter @Voya.

    Voya IUL-Global Choice, policy form series #1186-09/12 has an equity Indexed feature, varies by state and may not be available in every state. It is issued by Security Life of Denver Insurance Company (Denver, CO), a member of the Voya® family of companies. Not available in New York. All guarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company who is solely responsible for the obligations under its own policies.

    Voya IUL-Global Choice NY, policy form series #3010-04/16 has an equity indexed feature and is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY), a member of the Voya® family of companies. Only available in New York. All guarantees are based on the financial strength and claims paying ability of ReliaStar Life Insurance Company of New York who is solely responsible for the obligations under its own policies.

    Voya Journey Index Annuity is issued by Voya Insurance and Annuity Company, (Des Moines, IA), member of the Voya® family of companies.  Contract Form Series: ICC16 VI-IA-3165, VI-IA-3165(2016) (Rev 12/16); Rider Form Series: ICC16 VI-RA-3166, VI-RA-3166(2016) (Rev 12/16), ICC16 VI-RA-3167, VI-RA-3167(2016) (Rev 12/16), VI-RA-3168(2016), may vary by state, and may not be available in all states.  All guarantees are based upon the financial strength and claims-paying ability of Voya Insurance and Annuity Company, which is solely responsible for all obligations under its contracts.

    SOURCE Voya Financial, Inc.

    Originally Posted at Voya on April 27, 2017 by Voya.

    Categories: Industry Articles
    currency