Millennials, Younger Americans Continue to Show More Anxiety About Common Financial Planning Issues than Older Generations
2014 Insurance Barometer Study from LIMRA and Life Happens Analyzes Life Insurance Preferences, Finds Consumers Age 34 or Younger Recognize their Need but Likely to Overestimate Cost.
LIMRA: Generation X Americans Are More Concerned About Having Enough Money for Retirement than Other Generations
More than one-third of Gen X Americans not confident that they will have a secure retirement.
Employees Across All Generations Value Employer-Sponsored Benefits ― But Most Don’t Understand the Actual Costs
WINDSOR, Conn., Apr. 18, 2011 — Most employees - both younger and older - feel that benefits like medical insurance, defined contribution plans and dental insurance, are important; yet four out of 10 employees lack any knowledge of how much their medical insurance costs and of the 60 percent of employees who think they know the cost of their medical insurance, just 15 percent were able to provide a reasonable estimate.
Fifty percent worry it will have a negative impact on their retirement security. WINDSOR, Conn., Sept. 20, 2016 — According to a new LIMRA Secure Retirement Institute study, half of working women who have taken leave to take care of a family member (parent, child, etc.) are worried about the impact their leave will have to their retirement security.
WINDSOR, Conn., July 30, 2012 — The majority of Generations X and Y consumers would consider buying life insurance policy from their bank — significantly higher than older generation (Boomers and Silent), where only about a third of these consumers say they would consider it.
Majority of Younger American Adults Would Suffer Substantial Financial Consequences If Income Were Interrupted
WINDSOR, Conn., June 23, 2014 — A new LIMRA study found that 6 out of 10 Generation X and Y Americans say losing their income for 6 months due to accident or illness would have a significant or drastic impact on their families' financial well-being.
No Matter the Generation – Less than Half of Americans Know How Much They Should Be Saving for Retirement
LIMRA Secure Retirement Institute examines generational differences in retirement confidence.
WINDSOR, Conn., Dec. 17, 2015—As banks look to expand their business beyond traditional retail banking, longtime loyal customers and Millennials represent key opportunities for growth, according to a new study from LIMRA.