Millennials’ Money Misconceptions and Insurance Beliefs
When it comes to money and finances, it seems that Millennials tend to feel invincible. Surveys show that Millennials are the least insured group of Americans and they find it difficult to save and avoid splurging.
Millennials are the group least likely to hold health insurance, but many are expecting that statistic to improve due to the requirements put forth by the Affordable Care Act. However, this will not push Millennials towards purchasing other forms of vital insurance such as renters insurance, life insurance and disability insurance.
Even more surprising, 60 percent of Millennials surveyed by Princeton Survey Research Associates agreed that they feel confident in their ability to recover from a disaster, even though they do not hold the necessary insurance policies.
We want you to receive the protection you deserve in every stage of your life, so contact VGW Walker Insurance. Whether you are a Millennial or a Baby Boomer, we are ready to provide for all your Texas insurance needs!
