It turns out that most everyone regardless of age — millennials, Gen Xers and baby boomers — are stressed out about retirement, according to a survey from the National Association of Personal Financial Advisors (NAPFA).
The survey, which assessed the financial health of Americans, found that stress around finances transcends generational differences. In fact, 74% of respondents said they want a financial planning do-over.
The different generations are consistent in their goals regarding money, which include planning for retirement (61%), achieving greater savings (52%), and paying off debts (50%). Yet, their priorities for planning differ by age and proximity to retirement. Millennials,for example, put a higher emphasis on increased savings (59%), with one inthree worried they will need to support their parents financially, while planning for retirement is top of mind for 69% of baby boomers.