The next generation of retirees may be more willing to try new financial instruments to improve their standard of living.
Researchers at NAVA, Reston, Va., have commissioned surveys supporting that hypothesis.
An outside survey firm polled 1,004 “adult children” ages 45 to 65, with annual household income of $75,000 or more or total household savings and investments of $100,000 or more.
The survey firm also contacted 100 retired elderly parents ages 70 to 80 with at least $100,000 in savings and investments at the time of retirement.