Marching to a Million: How Younger Generations View Spending, Saving and Financial Advice

To gather insight into how younger generations are saving for retirement, we conducted interviews with millennials who work at Janus Henderson. In our latest “Marching to a Million” podcast, Retirement Director Ben Rizzuto spoke with millennial colleagues about how they choose to spend their discretionary income, what longer-term goals they’re working toward, and their views on financial advice.

Tune in to our Retirement Series: Plan Talk for conversations that motivate, inspire and improve your everyday.

Marching to a Million: How Younger Generations View Spending, Saving and Financial Advice - Ben Rizzuto, CRPS®

Key Takeaways

  • Most of our millennial colleagues prefer to spend money on experiences or events versus physical items.
  • More millennials are putting off purchasing a home, mainly due to increased housing prices, student loan debt and stagnant wages. Some choose to live with their parents until they can save enough money to buy their own home.
  • The common perception of financial advisors is that they are too expensive or only available to people with large amounts of money – a sentiment that highlights the importance of educating younger investors on the value and accessibility of financial advice.

Janus Henderson Radio

Explore our podcasts featuring professional development coaching, retirement perspectives and market insights.