×
First-time login tip: If you're a REBA Member, you'll need to reset your password the first time you login.

Report: ‘Realigning workplace savings to meet the needs of millennials’

A new report – ‘Realigning workplace savings to meet the needs of millennials’ – by online savings platform provider, Smarterly, has found workplace savings choices are primarily governed by the age of employees at their employer than anything else.

Report: Realigning workplace savings to meet the needs of millennials 1

More than 500 working adults were questioned for the research, which found nearly 80% of 55 and older decision-makers thought the priority for employee financial wellbeing was pension schemes.

This compares to just 62% of 25-35 year old decision-makers who thought the same thing.

In fact, for younger people, it’s ‘milestone’ purchases that matter most – for 48% of 25-34 year olds. Just 37% of those over 55 thought the same.

The report also finds:

* 40% of 25-34 year old decision-makers think employers should help employees with wider financial issues, compared with only 20% of over 55 year old decision-makers