MILLENNIAL MILESTONE GOALS

ARENT BACKED BY FINANCIAL ACTION

56% of millennials ages 1834 say traditional life milestones

are important to them, but 53% are worried theyll never achieve them

TOP PRIORITIES IN THE NEXT 5 YEARS

30% 33% 48% 41% 45%

Getting Paying off Buying/renovating Having a Advancing
Married/engaged student loans a home financial plan their career

T R A D I T I O N A L M I L E S T O N E D I S C R E PA N C I E S :

When compared to older counterparts, millennials are:

76%
Say they need a financial plan to
21%
Less likely to say they first got
achieve traditional milestones married in their 20s

27%
Say they have delayed working
22%
Less likely to have bought a
towards traditional milestones first home in their 30s
because they are unsure
where to start

38%
Say they have delayed working
19%
More likely to say
towards traditional milestones they have never started
due to lack of income a full-time job

THE RETIREMENT PLANNING GAP

On average, millennials expect to retire at 62 years old, which is younger than the expectations of older
generations (ages 45-54 at 66 years old; ages 55-64 at 65 years old; and ages 65+ at 73 years old)

DESPITE THIS, 91% SAY THEY CURRENTLY

HAVE NO FINANCIAL PLANS FOR RETIREMENT

38%
Dont have enough money
TOP 2 REASONS
millennials delay
27%
Are unsure where to start,
to cover minimum expenses financial planning interestingly, women are 15%
more likely to be unsure than men

TO GET ON
TRACK

Start Planning Start $aving

Work with an advisor to set up a Its never too early to start a
financial plan. Planning now provides little goes a long way for greater
increased financial security later. retirement savings.

Survey Methodology
The study was conducted online from April 711, 2016 by Harris Poll on behalf of MDRT among 2,126 U.S. adults
ages 18+ (among which 511 are ages 1834, 306 are ages 3544, 373 are ages 4554, 494 are ages 5564 and 442
are age 65+). This online survey is not based on a probability sample and therefore no estimate of theoretical
sampling error can be calculated. For complete survey methodology, including weighting variables,
please contact Tori Unger tunger@gscommunications.com, G&S Business Communications.