Millennials speak with a financial professional more than any other generation, the Personal Investment Management and Financial Advice Association (PIMFA) has found.
The trade body's ‘Under 40 Leadership Committee Report' - published last Thursday (14 December) 48% of Millennials (1981-1996) engage in conversation at least every two to three months. Conversely, two-thirds of Baby Boomers (1946-1964) are not actively engaging with a financial professional at all. The research also found that 26% of Baby Boomers never speak with their partner about their finances - a higher percentage than Generation Z (1997-2009) and Millennials. Meanwhile, 49% of Generation X (1965-1980) and 63% of Baby Boomers never talk about their finances with friends, whil...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes