The majority (87 per cent) of U.S. millennial employees are more interested in certain benefits this year, with life insurance (39 per cent) topping the list, followed by financial planning tools (34 per cent), dental insurance (31 per cent) and legal plans (29 per cent), according to a new survey by Rainmakers CSI for MetLife Inc.
The survey, which polled more than 1,000 full-time U.S. employees aged 21 and over, found one in five millennials (defined in the survey as those ages 26 to 40) said they’re more interested in pet insurance this year than last year, a probable result of this generation being 50 per cent more likely to get a pet than to have a child in the next 12 months, according to the survey.
The survey also found that millennials are the most likely generation to expect their employers to support them in their future pursuits, from buying a new home (66 per cent versus 62 per cent of employees overall) to creating a will/estate plan (76 per cent versus 59 per cent of all employees).
Meanwhile, 27 per cent of millennials said they used financial planning programs via their employer benefits offerings and 22 per cent said they used legal plans this year. And more than half of millennials said they feel anxiety over their financial futures, compared to 45 per cent of employees overall.