ACCESS Newswire
22 Jun 2022, 18:43 GMT+10
New Research From Alto Reveals a Massive Gap Between Men and Women, With Just 15% of Millennial Female Investors Very Confident About Reaching a Comfortable Retirement
NASHVILLE, TN / ACCESSWIRE / June 22, 2022 / Alto Solutions, Inc. (Alto), a self-directed IRA provider that enables individuals to diversify their retirement investments, today released the '2022 Alternative Investing Report: How Millennials See Their Financial Future.' The study of more than 2,000 investors found that while millennials hope to retire at the age of 59, they don't feel confident about getting there.
While retiring early is the goal, 53% of millennials are worried that they'll never be able to afford retirement. In fact, only one out of four millennials feel very confident they'll be able to retire comfortably at their desired age.
Alto's research also found that 76% of millennials worry a market crash could wipe out their savings/investments, and 60% believe that unless you are a professional investor, it's hard to be successful in the stock market.
'In a world of conspicuous consumption, soaring living costs, and mounting student loan debt, millennials find it difficult to invest for the future because they are struggling to afford the present,' said Eric Satz, founder and CEO of Alto. 'In addition, millennials are unsure of how to invest for retirement in the face of increasingly volatile markets that they deem as ‘too risky'.'
The good news is that millennials are open to other ways to invest for their financial future. Crypto and other alternative assets such as real estate, venture capital, and collectibles are viewed as attractive because of their potential for high returns. Further, 85% of millennials expressed interest in learning more about alternatives, with 89% of millennials saying that once better informed, they were likely to invest in alternatives.
Additional key highlights from the newly released study include:
The report is free to download here.
Methodology:
Alto worked with 8 Acre Perspective, an independent research firm, to conduct a quantitative online survey of 2,000 U.S. adults ages 25-64. Of the participants, 1,200 were millennials (ages 25-40), 400 were Gen X (ages 41-56), and 400 were baby boomers (ages 57-64). All participants had at least $2,500 in investable assets and a minimum household income of $35,000, and had yet to retire.
About Alto
Alto is a self-directed financial IRA solution that enables individuals to diversify their portfolios by investing in alternative assets like private equity, venture capital, real estate, farmland, artwork, wine, and crypto using retirement funds. Alto IRA and Alto CryptoIRA® offer the same tax advantages as more conventional, legacy IRAs while providing access to investment opportunities not offered by most custodians-without complicated or hidden fees. Alto's network partners include AcreTrader, AngelList, Eaglebrook Advisors, Masterworks, Republic, and Coinbase-which provides access to more than 175 coins and tokens-giving Alto users numerous ways to diversify their investments. Alto is not a registered broker-dealer or investment advisor. Alto does not promote or endorse individual investment opportunities and does not provide legal, tax, or investment advice to its clients.
To learn more visit: altoira.com
Contact Info:
Kristie Galvani
1-516-314-6317
[email protected]
SOURCE: Alto Solutions, Inc.
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