RSS   Newsletter   Contact   Advertise with us
Post Online Media

National survey challenges common perceptions about millennials

Share on Twitter Share on LinkedIn
Staff Writer | Friday August 19, 2016 7:58AM ET
Millennials
Generations   Most likely to have a disaster recovery plan

When it comes to preparing for the future, Millennial small-business owners are seemingly the most concerned generation in recent history.


Please disable your ad blocker for POST to be able to enjoy our free content.
They are more likely than Gen X or Baby Boomers to have plans for natural disasters, retirement benefits, cyberattacks and even business succession.

Those Millennial generation facts stem from Nationwide's second annual Small Business Indicator, a national survey conducted online by Harris Poll from June 10-23 among 502 U.S. small-business owners with fewer than 300 employees.

millennials are most likely to have a disaster recovery plan in place (51 percent), versus Gen X (30 percent) or Baby Boomers (29 percent).

Retirement planning: millennials are most likely to offer retirement benefits (59 percent); they are also most likely to offer their employees any of the following benefits (84 percent), versus Gen X (60 percent) or Baby Boomers (46 percent): medical insurance, paid time off, retirement benefits (e.g., 401(k)), workers' compensation, dental insurance, vision insurance, life insurance, short-term disability, long-term disability and domestic partner benefits.

Cyber security: More millennials have a written cyberattack response plan in place (42 percent), versus Gen X (17 percent) or Baby Boomers (12 percent) Business succession: millennials are most likely to currently have a business succession plan in place (61 percent), versus Gen X (32 percent) or Baby Boomers (32 percent).

 

What to read next
POST Online Media Contact

 More inside POST