Millennials may be stressed about retirement, but they still have a far more positive outlook than previous generations, said Michael Doshier, vice president of retirement marketing at Franklin Templeton (BEN) . 'It's doubly surprising this time around with the millennials because of how they started their careers with all the challenges in the economic environment they stepped out of college into,' said Doshier. 'But we do see now they are working and saving and have a very positive outlook.' According to Franklin Templeton's 2016 RISE (Retirement Income Strategies and Expectations) survey, Gen Xers and Millennials still reflected the highest levels of stress and anxiety when thinking about retirement savings and investments. Concern levels appeared to peak among Gen Xers and Millennials, with these groups indicating the most concern overall about paying for expenses in retirement. About 60 percent of respondents considered a financial advisor important to both the planning process and generating income during retirement, according to Franklin Templeton.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.