Advisor Authority Reveals Millennials May Not be Retiring Soon–But They are Already Planning for it
PR Newswire
COLUMBUS, Ohio,
April 19, 2021 /PRNewswire/ -- Coming of age in the wake of 9/11, the Market Crash of 2008 and the Great Recession has impacted Millennials' financial concerns, investing habits, and future earnings potential.
i Add a global pandemic during their prime earning years, and it's no wonder Millennial investors' financial optimism declined 24 percentage points to 38% in 2020, from 62% in 2019. Yet, after weathering two "once-in-a-lifetime" financial crises, Millennials are clearly bucking the "slacker" perception, with 81% saying that they have a plan to protect themselves against outliving their savings, while 71% have a strategy to protect their assets against market risk.