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More Young Adults Seeking a Financial Advisor Due to Pandemic

Wednesday, Jun 10 2020
News Roundup
Written by  PFA News

A new survey from Northwestern Mutual finds that about one in five respondents younger than Baby Boomers did not have a financial advisor before the pandemic but want their advice now. So reports Financial Advisor.

coronavirus 4942077 640 smallGenerations younger than Baby Boomers include Gen Xers, Millenials and Gen Zers. Of those surveyed, 22% of millennials and Gen Zers are now looking for an advisor, while 19% of Gen Xers are doing so.

The study, Northern Mutual's 2020 Planning and Progress Study, is ongoing. The most recent survey of 2,077 U.S. adults, was conducted between April 29 to May 1. The survey found that about 20% of those with a financial plan prior to the pandemic are revisiting it due pandemic. 

Read the full article from Financial Advisor. 

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