Talking Points
The Search for a “Cure”
How workers try to remedy the pandemic money woes.
Millennials
52% |
have withdrawn or considered withdrawing from their emergency fund/savings |
|
48% |
have opened or considered opening a new investment account |
|
48% |
have increased or considered increasing their retirement savings contributions. |
Generation X
50% |
have increased or considered increasing their retirement savings contributions |
|
41% |
have withdrawn or considered withdrawing from their emergency fund/savings |
|
39% |
have delayed or considered delaying their retirement |
Boomers
41% |
have increased or considered increasing their retirement savings contributions |
|
37% |
have delayed or considered delaying their retirement |
|
23% |
have retired early or considered doing so |
Source: TD Ameritrade, COVID-19 and Retirement Survey (June 2020)
How Valued Is the Gift of Stock?
Age plays a role in how much workers appreciate their employer awarding them equity in the company. Half of younger employees place minimal value on it. Contributing factors include being more mobile in their careers, lack of understanding of equity compensation plans, and an eagerness to sell as soon as their award vests.
18–34
35–50
51+
Source: UBS Workplace Wealth Services, “UBS Participant Voice”