bs-preloader__icon
ru kz en

65% of millennials buy retirement annuity – inquiry

Despite negative stereotypes, according to a recent survey, millennials are ready to buy endowment policies, according to Fin24 - Business & Finance News.
65% of millennials buy retirement annuity – inquiry

Millennials, also known as Generation Y, were born between 1981 and 1996, that is, they are currently between 23 and 38 years old.

A 2019 survey conducted by Old Mutual Retirement Savings & Investments Monitor showed that the financial priorities of millennials are in savings, investment in education and purchase of residential property. Every fifth person invests in stocks or mutual funds, and 65% of respondents have a life insurance or endowment policy.

“Millennials often use digital products and the latest technology to manage their savings,” says Pat Magadla, senior business development manager at Old Mutual Investment Group.

Magadla believes that millennials are more financially literate than is commonly believed.

Source: https://www.fin24.com/Money/Money-Clinic/generation-handout-no-way-say-millennials-as-survey-shows-they-are-super-savers-20191020-2
Photos are from open sources.

Share
read also
State Corporation "Government for Citizens" added to the list a new composite service in the field of employee insurance
State Corporation "Government for Citizens" added to the list a new composite service in the field of employee insurance

The new composite service "Registration of a legal entity taking into account the ope...

To insure or not to insure?
To insure or not to insure?

It is really strange that people, insuring their homes, furniture, cars, ships and ot...

Insurers are compiling the new forecasts on smart insurance policies sales in 2020
Insurers are compiling the new forecasts on smart insurance policies sales in 2020

According to Berg Insight estimation, there were 11.6 million smart insurance policie...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application