BOSTON, Sept. 6, 2018 /PRNewswire/ -- Twine, the savings and investing app backed by John Hancock, today released the results of a new consumer survey, which uncovered new attitudes and habits around investing among 1,000 U.S. adults (ages 18-55). The survey found that although most millennials have a strong understanding of investing, 46 percent aren't investing outside of a 401(k) account, and there may be a false sense of intimidation around what it takes to start investing.
"It's really promising to see young adults learning about investing and communicating about it with others," said Uri Pomerantz, CEO of Twine. "The next step is shifting the mindset around investing by starting with small changes in behavior – it doesn't take a financial advisor or a large sum of money to get started. There are many entryways into investing that can help people grow their wealth and meet their financial goals, regardless of prior knowledge, current net worth or previous money missteps."
The survey explored how well people understand investing and how that knowledge impacts their financial behavior, the results of which found that despite a solid knowledge base, millennials are still holding back from reaching their full financial potential. Key findings showed:
For more details about the research and findings, visit https://twine.com/blog/stop-working-harder-money-start-investing-now/.
Survey Methodology
This report was commissioned by John Hancock and fielded by independent research firm Equation Research in July 2018. The responses were generated from a survey 1,013 people ages 18-55 who reside in the United States.
About Twine by John Hancock
Twine is the first saving and investing app built for two. It simplifies saving for major milestones like weddings, down payments and vacations. Twine helps you put your savings on autopilot and invest in portfolios designed to help you reach your goals. Joint Twine accounts allow you to contribute with another saver and track your progress together. Twine is backed by the stability and expertise of John Hancock. To download, visit http://apple.co/2BZWCjJ. Twine is a service provided by John Hancock Personal Financial Services, LLC, an SEC registered investment adviser.
About John Hancock and Manulife
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were over CAD$1.1 trillion (US$849 billion) as of June 30, 2018. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million Americans with a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, and college savings plans. We also offer advice through Signator, a network of independent financial advisors. Additional information about John Hancock may be found at johnhancock.com.
PR-2018-34
SOURCE John Hancock