Perceptions of Financial Planning Across the Generations

As we speak, Millennials are re-inventing what it means to live and age in the twenty-first century. People in their twenties and thirties are finishing school, leaving home, becoming financially independent, partnering, and having children later in life than previous generations. What effects might these changes have on the future of aging, and how does the future “old age” look in 2050? The MIT AgeLab is conducting a series of surveys and focus groups about “Forecasting the Aging Future of Generation Y.” With the aid of Dialsmith Perception Analyzer technology, researchers are exploring attitudes and behaviors relevant to the aging future of Generation Y, focusing specifically around financial well-being and retirement planning. What are the most effective ways of engaging this age demographic in thoughtful planning for financial wellness and longevity so that they are living both longer and better?