Search
 

Millennials can be ‘old souls’ about money

The 18-34-year-old set is just like their grandparents when it comes to money, according to a survey by Northwestern Mutual.

By Marlene Y. Satter | Updated on April 07, 2015

If you thought “old souls” was strictly an expression referring to reincarnated people, think again. The term also describes one aspect of millennials’ behavior when it comes to money. 

So says the 2015 Northwestern Mutual Planning and Progress Study, which found that members of Gen Y are, in fact, quite conservative and risk-averse with regard to their finances. Millennials, it said, are also more confident and optimistic about reaching goals and thus can also be described as “young idealists.” 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.