DIRS.INFO The most relevant business & tech news

Gen Z wants to retire at 61 — years before other generations expect to leave the workforce. They're seeking professional financial advice from family and friends — and are even open to AI. Unlike the gloom and doom stories of Gen X, Millennials, and Boomers, Gen Z fully plans to retire … and do it earlier than everyone else, at the age of 61. Schwab surveyed 1,000 employed Americans participating in 401(k) plans in partnership with Logica Research, plus an additional 100 Gen Zers for statistical significance. The survey also found much of Gen Z is already thinking about retirement plans: 73% of Gen Z respondents want personalized investment advice and help choosing investments for their 401(k)s.And they're willing to let AI provide that help.

Persons: Gen Z, They're, —, Gen, …, Charles Schwab, Gen Zers, Schwab, Gen X, Zers, doesn't Organizations: Service, Boomers, Logica Research, Gen

☆ This map shows how much you need to make to be in the top 1% in every state
▼ + stars: | 2023-07-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

You need to make over $650,000 to be considered in the top 1%, according to new data. Most states had a higher income floor this year than last year, though New York stayed stagnant. New data released Thursday from financial information company SmartAsset broke down how much money people need to make to be among the top 1% of highest earners in each state. This map shows how much you need to make in each state to break into this elite demographic. A news release from the Bureau of Labor Statistics on Wednesday further revealed real average hourly earnings rose by 0.2% month over month in June.

Persons: SmartAsset, Jaclyn DeJohn, SmartAsset's, Charles Schwab Organizations: Service, IRS, of Labor Statistics, Congressional, Office, Bloomberg, Bureau of Labor Statistics, Logica Research Locations: Connecticut , Massachusetts, California, New York, Wall, Silicon, Connecticut, West Virginia, Massachusetts, Northeast

Gen Zers' and millennials' attitudes often contrasted with those of boomers, the survey found. Many Gen Zers and millennials are delaying making financial plans because they're time-consuming and complicated, a survey has found. More than a quarter of the Gen Zers and millennials that were surveyed said it seemed "too complicated to create one. Gen Zers have had to navigate graduating from high school and college via Zoom before entering an unsteady jobs market. Comparisons with their friends and family influence how Gen Zers and millennials perceive their wealth, Charles Schwab's report found.

Persons: Charles Schwab, Gen Zers, Zers, Z, Credit Karma, –, Charles Schwab's, hadn't, Gen Organizations: Logica Research, Credit, of America Research, US

☆ Americans say you need $2.2 million to be rich, according to a new survey
▼ + stars: | 2023-06-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

You need to have $2.2 million to be wealthy, according to a Charles Schwab survey of 1,000 Americans. Net worth was the highest for people who at the time were aged between 65 and 74 years. Elon Musk, the world's richest person, has an estimated net worth of $230 billion, per the Bloomberg's Billionaire Index. According to the index, 199 people – Charles Schwab himself included – have an estimated net worth of $10 billion or more. Time is more important than money, the majority of respondents to the Charles Schwab survey said.

Persons: Charles Schwab, boomers, —, –, Elon Musk Organizations: Service, Logica Research, Consumer Finances

Search resuls for: "Logica Research"

4 mentions found