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Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

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9 Facts About Retirement

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Younger Generations Fail To Save For Emergencies

December 5, 2022

One recent study from Prudential Financial identified that Gen Z and millennials are not saving money for future events and are instead using that money to spend on entertainment. The survey involved nearly 5000 Americans with 2000 of them being Gen Z or millennials.

The study determined that 44% of adults name debt as preventing them from accomplishing their personal goals, but that number jumps to 55% for millennials. Furthermore, 44% of Gen Z and millennials do not believe they will be able to achieve the same financial goals as their parents. The biggest issue impeding success financially from the respondents’ answers was student loan debt, but there are other expenses that showed up as well. In fact, 32% of Gen Z and 27% of millennials admitted they’ve spent more money on splurge items in the past year, while only 12% of baby boomers and 18% of Gen X said the same.

Many Gen Z and millennials are not keeping a budget. In fact, nearly 70% of them say that they do not keep a budget right now and do not want to. A further 40% said they would rather go to the dentist and spend time coming up with a budget. While it can be hard to start looking at your bigger financial plan if you don’t yet have an emergency fund set aside, knowing that you have a plan is beneficial as a building block. Start with a strong foundation by contacting a team of financial professionals who can guide you through what a full plan looks like. You can start with one piece and add to it as you go. Over time, you can continue to add to your plan.

Setting aside time to meet with a financial professional doesn’t just protect your interests, it helps you to prepare for the future.


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Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
Is Social Security Going To Run Out In Your Lifetime?

We get regular updates on the Social Security trust fund. In early May, the Social ...

The post Is Social Security Going To Run Out In Your Lifetime? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Thriving on the Uncertainties In Investments

We all like surprises, right? Well not exactly. We like the surprises that we want. ...

The post Thriving on the Uncertainties In Investments first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
9 Facts About Retirement

Retirement can have many meanings. For some, it will be a time to travel and ...

The post 9 Facts About Retirement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more