Older Couples More Likely to Make Financial Decisions as a Team
Older couples tend to make financial decisions together, while younger generations are more likely to make decisions on their own, finds an E*TRADE Financial study.
Three out of four millennials are comfortable with their partner making an investment without their input and 53 percent make decisions without discussing with their partner. On the other hand, when it comes to Baby Boomers, 58 percent are uncomfortable giving investing discretion to their partner. They’re also the generation that is most likely of all age groups to actually make decisions together.
According to E*TRADE Financial investment strategists, couples who work together and make investment decisions as a team produce long-term benefits and pay serious dividends down the road.