Puppy Millennials are 50% more likely to get a pet than have a child in the next 12 months. (Photo: Shutterstock)

The past year and a half has been trying for all of us; however, for millennial employees in particular, many were forced to put major life plans on hold. According to MetLife’s latest open enrollment survey, however, millennials are now looking to revisit those plans, with more than four in five (81%) expecting to make a major life change in the next year.

As millennial workers take steps towards new life stages—whether that’s buying a home (24%) or bringing home a pet (22%)—they are going to require benefits that match their evolving lifestyles. This is why millennials are looking at their benefits through a new lens this year, with nearly two-thirds saying this year’s open enrollment is more important than last year’s (a 6-percentage point increase from 2020), and two in three saying they plan to elect new benefits this year, compared to about one in three baby boomers.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.