TO BOLSTER SAVINGS - Fidelity Investments · With this ˜nancial boost, Millennials have been...
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About the Fidelity Investments 2016 Millennial Money Study The Fidelity Investments® Millennial Money Study is a follow-up to the 2014 Millennial Money Study. The study was conducted from July 27 to August 2, 2016 by GfK Public Affairs and Corporate Communication, using GfK’s KnowledgePanel®. In total 615 adults, 25 to 70 were interviewed: 305 were Millennials (born after 1980, although for the purposes of this study, Millennials are defined as between 25-35 to ensure they were old enough to work full-time), 155 were Gen X (born 1965–1979) and 155 were Boomers (born 1946–1964). To qualify respondents had to have either a living parent or an adult child over the age of 18. Data was weighted to bring each group in line with the population they represent. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money. Fidelity Brokerage Services LLC, Member NYSE, SIPC 900 Salem Street, Smithfield, RI 02917 775150.1.0 ©2016 FMR LLC. All rights reserved. For a crash course on how to build your financial know-how and make your savings grow, visit www.fidelity.com/mymoney With this financial boost, Millennials have been saving. are saving for retirement 60 % have started saving (up from 77% in 2014) 85 % have an investment account 62 % have an emergency fund with an average balance of $9,100 59 % But Millennials aren’t looking to parents for “free stuff.” 65 % of Millennials say parents have set a good example of how to have a successful financial future (up from 59% in 2014) 14 % Utilities 21 % Cell Phone 20 % Groceries 16 % Clothing 14 % Entertainment 12 % Rent/Mortgage of Millennials confess that parents have pitched in with expenses since they’ve been on their own. Among bills parents help with: 47 % The Fidelity Investments ® 2016 Millennial Money Study examines Millennials’ lingering financial dependency on their parents, and how their attitudes and experiences impact their saving, spending and investing behaviors. As Millennials get their footing as adults, 1 in 5 currently live at home with their parents MILLENNIALS LEVERAGING THE NEW FINANCIAL FAMILY PLAN TO BOLSTER SAVINGS
Transcript of TO BOLSTER SAVINGS - Fidelity Investments · With this ˜nancial boost, Millennials have been...
About the Fidelity Investments 2016 Millennial Money StudyThe Fidelity Investments® Millennial Money Study is a follow-up to the 2014 Millennial Money Study. The study was conducted from July 27 to August 2, 2016 by GfK Public A�airs and Corporate Communication, using GfK’s KnowledgePanel®. In total 615 adults, 25 to 70 were interviewed: 305 were Millennials (born after 1980, although for the purposes of this study, Millennials are defined as between 25-35 to ensure they were old enough to work full-time), 155 were Gen X (born 1965–1979) and 155 were Boomers (born 1946–1964). To qualify respondents had to have either a living parent or an adult child over the age of 18. Data was weighted to bring each group in line with the population they represent.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Fidelity Brokerage Services LLC, Member NYSE, SIPC900 Salem Street, Smithfield, RI 02917
775150.1.0
©2016 FMR LLC. All rights reserved.
For a crash course on how to build your financial know-how and make your savings grow, visit www.�delity.com/mymoney
With this �nancial boost, Millennials have been saving.
are saving forretirement
60%
have started saving (up from 77% in 2014)
85%have aninvestment account
62%
have an emergencyfund with an averagebalance of $9,100
59%
But Millennials aren’t looking to parents for “free stu�.”
65% of Millennials say parents have set a good example of how to have a successful financial future (up from 59% in 2014)
14%Utilities
21%Cell Phone
20%Groceries
16%Clothing
14%Entertainment
12%Rent/Mortgage
of Millennials confess that parents have pitched in with expenses since they’ve been on their own. Among bills parents help with: 47%
The Fidelity Investments® 2016 Millennial Money Studyexamines Millennials’ lingering �nancial dependency on their parents, and how their attitudes and experiences impact their saving, spending and investing behaviors.
As Millennials get their footing as adults, 1 in 5
currently live at home with their parents
MILLENNIALS LEVERAGINGTHE NEW
FINANCIALFAMILY PLAN
TO BOLSTER SAVINGS
