Ten things advisers should know about millennials
By International Adviser, 20 Apr 16
Millennials represent the biggest shift in consumer preferences and behaviour ever seen in a single generation. Stephen Wynne-Jones, head of marketing at Cofunds, discusses 10 characteristics advisers need to know about these 20-30 somethings.
2. They want flexibility
According to Initiative’s 2014 international report of 25-34 year olds, 72% had suffered significant setbacks following the global credit crisis and 36% had experienced a reduction in income. A hefty 69% had already significantly changed or were planning to change their career path.
[1]63% claim they would save more if a pension account allowed multiple withdrawals through their lifetime.[2]
