Millennials Defying Financial Stereotypes, Survey Finds
April 27, 2021 by Alan Goforth
What You Need to Know
- Millennials weathered both the economic turbulence of 2008 and the ongoing pandemic.
- The share of millennials who said they had an advisor grew from 50% in 2016 to 75% in 2020.
- These investors overwhelmingly say they have a plan to protect against market risk and outliving their assets.
Millennials weathered both the economic turbulence of 2008 and the ongoing pandemic, and now seem determined to take steps to secure their financial future.
More than eight in 10 millennials say they have a plan to protect themselves from outliving their savings, and 70% have a strategy to protect their assets against market risk, according to the latest Advisor Authority study from the Nationwide Retirement Institute.