Generations X & Y Lack Investing Direction

September 25, 2014

retirement, 401k, investing

Daniel Andrus

collegelazypoolmi-resize-600x338.jpgAdvisors who have focused their efforts on boomers’ retirement needs should make sure they’re not neglecting Generations X and Y. A survey conducted by Greenwald & Associates and sponsored by Security Benefit, a Topeka, Kansas-based insurer, found younger investors lack direction and could benefit from an advisor’s guidance.

The “Gen XY Financial Maturity Study,” released Monday, found two-thirds of Gen X and Y investors haven’t calculated how much they need to save for retirement. Furthermore, 65% say it’s harder for them to save than it was for boomers and older generations.

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