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45% of Americans chose smartphones, cars or vacations over financial securityWINDSOR, Conn., April 27, 2017 /PRNewswire/ -- A new consumer survey by Voya Financial's Annuities and Individual Life businesses revealed that many Americans might be willing to risk their financial security to keep some of their most-valued items. In fact, nearly half (45%) of Americans surveyed were willing to give up their financial security if it meant keeping either their smartphones, cars or vacations. "We all value the things that make our lives easier, more productive and give us joy — like spending vacation time with family and friends," said Carolyn Johnson, CEO of Annuities and Individual Life at Voya Financial. "And while the goal of achieving financial security may feel daunting or perhaps even unreachable, Americans recognize its importance. The good news is — with some planning and guidance from the right resource — protecting our families, our income and our financial future is something we can all achieve." Voya's survey examined which of the following items Americans would be least willing to give up: their financial security, smartphones, cars or vacations. Key findings include:
Every generation prioritizes financial security differently Surprisingly, Voya's survey found that baby boomers are more attached to their smartphones than millennials — and millennials are the least willing of all generations to give up their financial security. In addition, men and women were fairly well matched, with a few exceptions.
Since individuals have different financial needs, Voya Financial offers several life insurance and annuity products that can help all Americans grow, protect and enjoy their retirement savings. For more information, including details about our Voya Indexed Universal Life – Global Choice and the Voya Journey Index Annuity — both designed with financial security in mind, visit voya.com. To learn how you can prepare for retirement at any life stage, visit Voya's Retirement Planning by Age website at voya.com/planning-advice/retirement-planning-by-age. Media Contact: About the Survey: About Voya Financial® Voya IUL-Global Choice, policy form series #1186-09/12 has an equity Indexed feature, varies by state and may not be available in every state. It is issued by Security Life of Denver Insurance Company (Denver, CO), a member of the Voya® family of companies. Not available in New York. All guarantees are based on the financial strength and claims paying ability of Security Life of Denver Insurance Company who is solely responsible for the obligations under its own policies. Voya IUL-Global Choice NY, policy form series #3010-04/16 has an equity indexed feature and is issued by ReliaStar Life Insurance Company of New York (Woodbury, NY), a member of the Voya® family of companies. Only available in New York. All guarantees are based on the financial strength and claims paying ability of ReliaStar Life Insurance Company of New York who is solely responsible for the obligations under its own policies. Voya Journey Index Annuity is issued by Voya Insurance and Annuity Company, (Des Moines, IA), member of the Voya® family of companies. Contract Form Series: ICC16 VI-IA-3165, VI-IA-3165(2016) (Rev 12/16); Rider Form Series: ICC16 VI-RA-3166, VI-RA-3166(2016) (Rev 12/16), ICC16 VI-RA-3167, VI-RA-3167(2016) (Rev 12/16), VI-RA-3168(2016), may vary by state, and may not be available in all states. All guarantees are based upon the financial strength and claims-paying ability of Voya Insurance and Annuity Company, which is solely responsible for all obligations under its contracts. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/45-of-americans-chose-smartphones-cars-or-vacations-over-financial-security-300447378.html SOURCE Voya Financial, Inc. |