Moving Forward

Planning for the future in changing times

Planning for the future has taken on a new sense of urgency. 

Moving Forward, a study from AIG Life & Retirement, finds that many Americans see an increased value in financial planning, income protection and insurance, and the benefit of working with a financial professional in planning for a more secure financial future.

More than half surveyed…

  • Think more about how future events may affect them – 58%
  • See greater importance in long-term financial planning – 58%
  • Pay more attention to spending and money management – 55%

Top priorities include retirement preparedness and professional guidance

55% say having protected, guaranteed income for life in retirement has become more important to them.

70% say working with a financial professional in the next year is a priority.

66% say beginning to save or increasing their retirement savings has become a high priority.

Generational differences

Millennials are most likely to say they have improved in a number of areas.

Having a positive outlook on life in retirement

45% of Millennials, 26% of Gen X, and 13% of Boomers have a positive outlook on life in retirement.

 

Desire to work closely with a financial professional

76% of Millennials, 59% of Gen X, and 18% of Boomers desire to work closely with a financial professional.

 

Women

Women are less likely than men to see improvement in their lives and to have made positive strides financially.

Women are LESS likely to say:

  • Their households’ situation is better now (26% v. 41%)
  • Their physical health is better than pre-COVID (25% v. 40%)
  • Their emotional health is better than pre-COVID (26% v. 42%)

How are you moving forward?

Find out how people like you are planning for the future in changing times

We see the future in you.SM