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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 seconds)
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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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