Post by account_disabled on Mar 2, 2024 22:50:55 GMT -5
Among millennials and women — two-thirds of these two groups believe that this alignment is important. A drop in the bucket According to a report issued at the end of March, (k) plans held an estimated $ trillion in assets and represented percent of the $ trillion in U.S. retirement assets, which includes employer-sponsored retirement plans — defined benefit (DB) and defined contribution (DC) plans with private- and public-sector employers, individual retirement accounts (IRAs) and annuities.
Yet, less than percent of (k) plans offer some type of socially responsible fund. According to an Investment News article — in , (k) investors committed more than $ billion in impact BTC Number Data investment funds. While this was up more than percent in the previous year, it is still a drop in the bucket. At the same time, numerous studies have found that millennials are using their dollars to make social impact investments — investments that provide a market financial return and have a positive social impact.
And they are coming into money. In the coming years, baby boomers will pass on trillions of dollars in the largest intergenerational wealth transfer ever. It's estimated that by , millennials already will control $ trillion — and that's just the beginning. And, according to the same Povaddo study, nearly two-thirds of millennials said they would be more likely to invest in their (k) plan if some type of socially responsible funds were offered in their retirement plan.
Yet, less than percent of (k) plans offer some type of socially responsible fund. According to an Investment News article — in , (k) investors committed more than $ billion in impact BTC Number Data investment funds. While this was up more than percent in the previous year, it is still a drop in the bucket. At the same time, numerous studies have found that millennials are using their dollars to make social impact investments — investments that provide a market financial return and have a positive social impact.
And they are coming into money. In the coming years, baby boomers will pass on trillions of dollars in the largest intergenerational wealth transfer ever. It's estimated that by , millennials already will control $ trillion — and that's just the beginning. And, according to the same Povaddo study, nearly two-thirds of millennials said they would be more likely to invest in their (k) plan if some type of socially responsible funds were offered in their retirement plan.