Finance and Employment Report 2013

  • 1,075 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
1,075
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
2
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Employment & Finance Report 2013 09.20.13 What Millennials Really Think About Employment & Finance
  • 2. Who was Involved? Buzz Marketing Group’s Shopping Report 2013 is based on qualitative and quantitative research conducted with 500 buzzSpotters® throughout the United States during the month of March, 2013. This report is available for download at www.buzzmg.com/reports. Composed based on data from 3.8.2013 – 3.22.2013 500 Participants 9,000 Panelists 53% Female 47% Male Survey fielded online Ages 18-34 18-22 17% 23-26 25% 27-30 31% 31-34 27% What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 3. Location NY   14%   CA   11%   IL   12%   TX   8%  PA   7%   DC   6%   FL   7%   GA   6%   MA   7%   MI   5%   Rest  of   USA   17%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 4. Ethnicity White   25%   Black   25%   Asian   American   15%   Hispanic   25%   American   Indian   3%   Mixed   7%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 5. Marital Status Single   36%   DaPng   6%   In  a   relaPonship   26%   Married   30%   Divorced   2%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 6. Education High   school   diploma   27%   Associates   Degree   14%   Bachelors   Degree   46%   Masters   Degree   11%   Doctorate   2%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 7. Employment Unemployed   5%   Working   part-­‐Pme   15%   Working  full-­‐ Pme   52%   Self-­‐ employed   6%   A   student   12%   A  full-­‐Pme   home  maker   11%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 8. Household Income Less  than   $8,000   $8,000  -­‐   $33,000   $33,000-­‐   $82,000   $82,000  -­‐   $170,000   $170,000  -­‐   $370,000   More  than   $370,000   I  don't  want   to  specify   2%   23%   46%   22%   1%   0%   5%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 9. How financially secure do you feel? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 Extremely   secure   Very  secure   Secure   Not  very   secure   Extremely   insecure   4%   15%   45%   31%   6%  
  • 10. Do you receive financial assistance from anyone or any organization? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 I  support   myself   Family   Government   Friends   Charity  /   Non-­‐profits   Religious   OrganizaPons   79%   28%   8%   3%   1%   1%  
  • 11. Which percentage of your income is disposable? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 0%  -­‐  10  %   10-­‐  20%   20%-­‐30%   30%  -­‐  40%   40%  -­‐  50%   More  than   50%   28%   23%   24%   12%   8%   5%  
  • 12. Are you saving for retirement? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 I  am  sPll  undecided  about  whether  I  want  to   save  or  not   I  am  not  even  considering  a  rePrement  fund   Yes  I  am  saving  plenty  of  money  for   rePrement   I  haven't  started  but  I  plan  to   Yes,  I  started  saving  a  lible  bit  of  money   2%   9%   13%   36%   40%  
  • 13. When you have extra money what do you usually do with it? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 Save  it   Spend  it   Invest  it   Donate  it   Lend  it  out   52%   42%   5%   1%   1%  
  • 14. Do you keep a record of what you spend? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 No,  I  have  no  idea  about  how  much  I  am   spending   No,  I  don't  really  know  how  much  I  am   spending   Yes,  I  know  exactly  how  much  I  am  spending   No,  but  I  have  a  general  idea  of  what  I  am   spending   Yes,  I  know  more  or  less  what  I  am  spending   3%   3%   28%   32%   34%  
  • 15. Do you invest in the stock market or in bonds? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 Yes   32%   No   68%   Stock market   Yes   23%   No   77%   Bonds  
  • 16. Do you have a credit card? What Millennials Really Think About Employment & Finance Employment & Finance Report 2013 Yes   76%   No   24%  
  • 17. If you were unemployed, which of the following would you be most likely to do? Keep  looking   Create  a  job   Take  any  job   Go  back  to  school   41%   26%   21%   13%   What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 18. Key Findings Although jobs may be harder to come by these days, Millennials are not ready to just take any job. 41% of Millennials said that they would “keep looking” for a job that they wanted if they were unemployed, while 26% said they would “create a job”, and only 21% said they would take any job. Millennials are keeping track of how much they are spending, however the majority of Millennials are using credit cards and very few Millennials are investing these days. 94% of Millennials reported that they know “more or less” how much they are spending and 34% of those know “exactly” how much they are spending. Meanwhile 76% of Millennials have credit cards but only 32% invest in stocks and 23% in bonds. The majority of Millennials support themselves, feel financially secure and are already saving for retirement. 79% of Millennials said they support themselves and 64% reported that they feel financially secure. 53% of Millennials are already saving for retirement and another 36% plan to start saving soon. What Millennials Really Think About Employment & Finance Employment & Finance Report 2013
  • 19. Buzz Marketing Group 1515 Market St. Suite 1810 Philadelphia, PA 19102 215.399.5679 www.buzzmg.com Contact Us