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
Five tips from a doctor on how to lose weight after childbirth
Five tips from a doctor on how to lose weight after childbirth

Yekaterina Sobolevskaya, a psychotherapist and weight loss specialist at the Doctor B...

Pension funds should focus on profitability
Pension funds should focus on profitability

The New Mexico Pension Fund (PF) Board opposes investing in index funds, according to...

How does endowment insurance work?
How does endowment insurance work?

Endowment insurance is an insurance product that allows you to simultaneously insure ...

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