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America's Millennials Approach Their Finances with a Combination of Optimism and Realism

Northwestern Mutual ConsumerFeature


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:60 READER SCRIPT
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A RECENT STUDY FROM "NORTHWESTERN MUTUAL" FINDS THAT MILLENNIALS' APPROACH TO THEIR FINANCES IS A UNIQUE COMBINATION OF OPTIMISM AND REALISM; WHILE MILLENNIALS ARE CONFIDENT ABOUT ACHIEVING FINANCIAL-GOALS, THEY'RE NOT TAKING ANY CHANCES.  THE COMPANY'S "PLANNING AND PROGRESS STUDY" FOR 20-15 SHOWS THAT THIS GROUP ISN'T RELYING ON TRADITIONAL SAFETY-NETS, TO COVER THEIR FUTURE-NEEDS.  IN FACT, ALMOST HALF OF MILLENNIALS HAVE SPOKEN TO SOMEONE --SUCH AS FAMILY, FRIENDS, OR AN ADVISOR--ABOUT RETIREMENT--WHICH IS THE FIRST STEP TO SUCCESSFUL PLANNING.  WHAT STEPS ARE MILLENNIALS TAKING, TO BUILD FINANCIAL-SECURITY?  THE COMPANY FOUND THAT "GENERATION Y" IS MATURE BEYOND THEIR YEARS, REGARDING FINANCIAL-INSTINCTS AND -DISCIPLINE--AND MORE LIKELY THAN OLDER GENERATIONS TO SET FINANCIAL-GOALS.  THEY'RE PRUDENT, SENSIBLE, AND FOCUSED ON SAVING.  FOR MORE INFORMATION, VISIT "THE-MINT-GRAD"-DOT-ORG.


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