Hispanics Feel More Motivated When It Comes to Financial Planning, Says New Lincoln Financial Study
Lincoln National Corporation (LNC)
Last lincoln national corporation earnings: 2/5 04:15 pm
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Source: Business Wire
Yet, Most Hispanic Consumers Prioritize Immediate Expenses Over Longer-Term Financial Goals, Prompting Tips to Transform Aspirations into Action RADNOR, Pa.--(BUSINESS WIRE)--New research from Lincoln Financial Group (NYSE: LNC) shows Hispanics are the most likely demographic (26%) to say they feel “motivated” when thinking about financial planning in the current environment. According to the company’s monthly Consumer Sentiment Tracker, the Hispanic population is also well-intentioned when it comes to financial planning:Saving for emergencies is the top financial goal (39%)Planning for the future is important (78%)The COVID-19 crisis has them thinking differently about their financial future (67%)However, a gap exists when it comes to transforming these aspirations into action. Nearly three quarters (73%) of Hispanic consumers prioritize day-to-day expenses over planning for their financial future with at least half concerned about how to pay their mortgage or rent and their month
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News
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- 4/11/24 - Form DEF
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