06.13.22
Millennials Hankering for Annuities: Survey
by: Alex Padalka
Approximately 80 percent of millennials are “pursuing” products “that offer growth and protection,” according to results of a survey conducted earlier this year by Lincoln Financial Group. Lincoln also found that a quarter of millennials believe that an annuity is better for “growth opportunities” than a savings account given the current interest rate environment. But only 12 percent know that annuities offer potential for “tax deferred growth,” according to the firm.
Read the full article on Financial Advisor IQ