- Just 35 percent of Gen Z respondents believe they will not be able to count on Social Security when they retire, and therefore should save money for themselves, compared to 61 percent of Parents who reported the same 1.
- Nearly 40 percent (39%) percent of Gen Z respondents believe they will have an inheritance, and therefore don't need to worry about saving for retirement, compared to just 16 percent of Parents who reported that they believed the same for their Gen Z children 1.
- Forty-three percent of Gen Z respondents believe that you can never start saving too early for retirement, compared to 71 percent of Parents who reported the same 1.
AMTD-G1 Survey Methodology-Gen Z2,001 U.S residents participated in an online survey from April 27-May 1, 2012 by Head Research on behalf of TD Ameritrade Holding Corporation. The 2,001 survey respondents sample was drawn from major regions in proportion to the U.S. Census — New England (5%); Mid-Atlantic (16%), South (25%), Midwest (22%), Southwest (12%) and West (20%). In each region, approximately half of the respondents were male and half were female. The two primary groups included were: Gen Z = 1,001 (born 1990 to 1999) and Parents of Gen Z = 1,000 (has a child in their household aged 13 to 22). The statistical margin of error for major groups (i.e. Gen Z & parents of Gen Z) in this survey is ±3.1%. This means that in 19 cases out of 20, overall survey results for primary groups in the study (i.e., Parents of Gen Z or Gen Z) will differ by no more than 3.1% in either direction from what would have been obtained by measuring the opinions of all target group members born in the U.S. 2 Survey Methodology-Retirement ReformationAn online survey was conducted with N = 2029 U.S. residents from March 27-28, 2012 by Head Research on behalf of TD Ameritrade Holding Corporation. The sample was drawn from major regions in proportion to the U.S. Census: New England (5%), Mid-Atlantic (16%), South (25%), Midwest (22%), Southwest (12%), West (20%). In each region, half of the respondents were male and half were female. Quotas ensured at least n = 500 respondents from each age cohort of interest to TD Ameritrade: Mature Generation (1930 to 1945): n = 502 ("Matures"); Baby Boomers (1946 to 1964): n = 504 ("Baby Boomers"); Generation X (1965 to 1976): n = 505 ("Gen X"); Generation Y (1977 to 1989): n = 518 ("Gen Y"). All respondents were required to be sole or shared decision makers with respect to planning and saving for retirement. The average time required to complete the survey was 10 minutes. The statistical margin of error in this survey is +/- 2.2%. This means that in 19 out of 20 cases, survey results based on N = 2029 respondents will differ by no more than 2.2% in either direction from what would have been obtained from the opinions of all adults born from 1930 to 1989 in the U.S. About TD Ameritrade Holding CorporationMillions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade's (NYSE: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how - bringing Wall Street to Main Street for more than 36 years. An official sponsor of the 2012 U.S. Olympic Team, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade's newsroom or www.amtd.com for more information. Brokerage services provided by TD Ameritrade, Inc., member FINRA ( www.FINRA.org)/SIPC ( www.SIPC.org)/NFA ( www.nfa.futures.org) About Head Research Head Research is a division of Head Solutions Group (U.S.) Inc., a leading market research partner for Financial Services companies in North America. With offices in New York, Toronto, and Montreal, Head delivers the deep customer insights that increase institutional knowledge and propel business action. Head Research and TD Ameritrade Holding Corporation are separate, unaffiliated companies and are not responsible for each other's products and services.