Millennials came of age with the Internet, they learned to text on flip phones, they remember cassettes and CDs; but nostalgia aside, this generation has had a more challenging path than is often portrayed. If you’re a Millennial, we bet that you know what we mean.
Millennials, or those born between 1981 and 1996, have just surpassed the Baby Boomers as the largest U.S. generational population. In fact, they represent 73 million Americans and 1/3 of the workforce.
Your early career was framed by the Great Recession, and the technology and global markets of today barely resemble those which enabled your parents’ success.
A recent study from The Transamerica Institute for Retirement Solutions shows the unique savings, retirement and career challenges faced by many Millennials. The study also reveals the immediate need for Millennials to take charge of their financial destiny in a way that no previous generation has ever needed to consider.
Did you know that of Millennials:
- 50% admit to procrastinating retirement planning
- 1 in 4 currently have less than $1,000 in savings
- And only 20% believe that they can achieve the same financial security as their parents?*
Millennials: your life, career, successes and challenges have all been unique. You deserve a unique approach to securing your long-term financial security. Here at Symmetry, we can help you build the ideal life insurance policy for your needs and financial goals for the future. Let’s get started.
*Transamerica Institute Survey of Workers (https://www.transamericacenter.org/docs/default-source/retirement-survey-of-workers/tcrs2017_sr_three-generations_prepare_for_retirement.pdf)
