Understanding Millennial Saving Behavior

Geography: Global —Research Source: Oxford University —Date: January 2016 —Findings:  Less than 1% of millennials want financial services providers to connect with them through social media. 59% of millennials believe they haven’t seen products targeted at people like them. 16% of millennials in Japan believe they will be able to access the same sources of retirement income as their […]

Millennials Lack Knowledge About Benefits

Geography: United States —Research Source: EBRI —Date: January 2016 —Findings:  36% of Generation X, 34% of Millennials, and 28% of Baby Boomers  do not know if their employer offers them benefits through health insurance for early retirees. 86% of Generation X, 85% of Baby Boomers, and 84% of Millennials participate in health insurance benefits, among workers offered the benefit […]

Younger Generations Look For Leadership

Geography: United States —Research Source: Future Workplace and Beyond.com —Date: December 2015 —Findings:  61% of Gen Z  and 60% of Millennials strongly agree/agree to having a formal mentor that supports their  leadership development. 31% of Baby Boomers strongly disagree to the statement saying “I have a formal mentor that supports my leadership development.” Individuals from Gen Z are least likely (61%) […]

The Importance Of A Mission And Vision Statement

Geography: United States —Research Source: Future Workplace and Beyond.com —Date: December 2015 —Findings:  83% of Gen Z and Millennials agree/strongly agree that they understand their company’s mission and vision. Only 1.7% of respondents across all generations said that they strongly disagree to understanding their company’s mission and vision. 76% of Baby Boomers understand their company’s mission ad vision; marginally […]

Generational Obstacles When Saving For Retirement

Geography: United States Research Source: Koski Research —Date: December 2015 —Findings: 58 of Gen X know how much they need to have saved for a comfortable retirement and only 53% believe they are saving enough to retire when they want to. 31% of Gen X has taken a loan from their 401(k), compared to just 13% of Millennials and […]

Generational Differences In Perception Of Work-life Balance

Geography: United States Research Source: Harris Poll —Date: September 2015 —Findings: 22% of baby boomers (age 55-64) said answering a work email during dinner was acceptable vs. 52% of millennials (age 18-34) Nearly 70% of baby boomers felt that bad bosses had the most negative impact on their work-life balance, opposed to just 51% of millennials Recommendations: Different […]

Baby Boomers Are Confident About Retirement Plans

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 43% of employees are confident they’ll be able to retire when they want, compared to 40% in 2014. 53% of Baby Boomers plan to retire within the next five years. 55% of those Baby Boomers know how much income they will need in retirement. 53% of […]

Baby Boomers Have A Will While Millennials Don’t

Geography: United States Research Source: PwC —Date: July 2015 —Finding: 37% of employees have a will, compared to 40% in 2014 and 41% in 2013. 63% of Baby Boomers, 29% of Gen X, and 12% of Gen Y have a will. 62% of those with wills say they have reviewed and made necessary updates within the […]

All Generations Believes Next Generation Is Going To Be Worse Off

Geography: United States Research Source: PwC —Date: April 2015 —Finding: 64% of Baby Boomers predict that the next generation will be worse off financially. 52% of Generation X and 53% of Generation Y predicts the next generation will be worse off. Recommendations: Most employees don’t expect things to get better for the next generation. The predicted […]

Retirement Confidence Up, Retirement Expenses Up

Geography: United States Research Source: PwC —Date: April 2015 —Finding: 43% of people in 2015 are confident they can retire whenever they want. 40% of people in 2014 are confident they can retire whenever they want. 35% of people in 2013 and 27% of people in 2012 are confident they can retire whenever they want. 35% […]