23/10/2021

Tannochbrae

Built Business Tough

Markets may be volatile, but millennials’ investing goals are steadier than ever

The infographic shows millennials’ attitudes and behaviors around saving for retirement, investing, personal finance, and financial advice. We surveyed 885 millennials aged 24-39 who make at least $50,000 per year. Here’s what we learned: 6 in 10 millennials want to retire before age 65, and 63% define success in retirement as being able to do what they want. 39% want to start a new career, and 35% plan to start their own business in retirement. With COVID-19, millennials report feeling cautious (46%), fearful (28%), and skeptical (27%) about investing. Nevertheless, 74% are interested in learning more about investing. Despite their concern about jobs and the economy, only 1 in 10 millennials have delayed or canceled contributing to their retirement account because of COVID-19. 46% said that COVID-19 has increased their interest in financial advice—more than any other generation. 51% are more likely to consider using a robo-advisor, compared to 36% of Gen-Xers and 24% of young boomers.

If you are completely ready to take that move into the long run and use an on the net software to aid approach your retirement, Vanguard Digital Advisor™ is listed here. As millennials would say, which is some subsequent-degree adulting.


Notes:
Resource: Vanguard examine, 2020
All investing is issue to chance, including the feasible decline of the cash you devote.