Seventy-five percent of seniors and 60 percent of baby boomers say their financial health hasn’t changed since the recession, according to joint research by Aite Group and Chase Blueprint.
But only 50 percent of Gen-Xers said the same, and 22 percent of Xers said they suffered a decline. The study is not about annuity buyers; still, it’s reason for an annuity specialist to give pause. The Gen Xers would seem to be the ones in greater need of financial security right now —and of financial security-building tools. Why not an annuity? The oldest Gen Xers are right in the midst of their family-raising, career-building and home-buying years. It could be that annuities are the furthest thing from their minds since they are so busy or so strapped financially. But given their post-recession struggles, at least some might be interested in building long-term financial security. They may therefore be open to talking about annuities.