NEW YORK - A national research study released by New York Life Investment Management LLC finds that Generation X investors are similar to Baby Boomers and Matures (over age 60) in their savings patterns and attitudes. The NYLIM Generations Study found that 82% of Gen Xers save regularly for retirement, compared with 83% of boomers and 76% of non-retired matures. In terms of values, 73% of Gen Xers rank family above career, wealth and leisure, as do 64% of boomers and 52% of matures. Health considerations rank second among all three segments, with 10% of Gen Xers, 25% of boomers and 34% of matures identifying "health" as most important. In addition, one-third of Gen Xers have a comprehensive financial plan, compared with 38% of boomers and 47% of matures. Some 26% of Gen Xers invest in 529 savings plans, up from 18% in 2002, compared with the 12% of boomers and 6% of matures that also invest in these plans.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the July-23, 2003 issue of Credit Union Times Magazine • Subscribe!
Apple not Falling too Far from Tree
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
- The 4 Major Designs of the $100 Bill (Slide Show)
- Anonymous May 7 Target List Includes 12 Large Credit Unions
- Theresa Portillo Sentenced to 6½ Years in Prison for Looting Feminist CU
- WesCorp’s Legacy Losses Outpace Other Corporates
- Stacie Wyss-Schoenborn Seeks Innovation One Step at a Time: Women to Watch
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
