(Photo: Shutterstock)

With the proliferation of smartphones and laptops, everyone has the internet at their fingertips nowadays. So perhaps it’s no surprise that people are turning to an ever-increasing number of financial sources for information about their investments. According to a new study by research firm Hearts & Wallets, 43% of households used seven or more sources of financial information in 2021, and that number rose to 84% for millennials with over $100,000 in assets.

Among those sources of information include employer-sponsored plans, which millennials are particularly likely to take advantage of: 2 of 3 Gen X and millennial households rely on employer-sponsored programs to some degree, with a jump in the past year. Only 1 in 3 baby boomer households uses an employer as a source of investing information and advice.

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?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

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 © 2023 ALM Global, LLC. All Rights Reserved.