Post by hasan77 on Feb 15, 2024 7:29:11 GMT
Plans offer some type of socially responsible fund. According to an Investment News article — in 2017, 401(k) investors committed more than $35 billion in impact investment funds. While this was up more than 58 percent in the previous year, it is still a drop in the bucket. At the same time, numerous studies have found that millennials are using their dollars to make social impact investments — investments that provide a market financial return and have a positive social impact. And, they are coming into money. In the coming years, baby boomers will pass on trillions of dollars in the largest intergenerational wealth transfer ever.
It's estimated that by 2020, millennials already will control $24 trillion — and that's just the beginning. And, according to the same Povaddo study, nearly two-thirds of millennials said they would be more likely to invest in their 401(k) plan if some type of socially responsible funds were Uruguay Email List offered in their retirement plan. A critical mass exists to move significant capital today There are organizations — both large, small and everything in between — that represent companies whose missions are very much in alignment with the values expressed in socially responsible funds and investments.
If these organizations would commit to working with their member companies to align their retirement funds with their social and environmental commitments, an irreversible movement would be created. It would ignite the transfer of a significant amount of capital to invest in the kind of world they seek, it would be a powerful and sustained counterpunch to the prevailing regulatory headwinds coming out of Washington and it would be great for the businesses they represent.
It's estimated that by 2020, millennials already will control $24 trillion — and that's just the beginning. And, according to the same Povaddo study, nearly two-thirds of millennials said they would be more likely to invest in their 401(k) plan if some type of socially responsible funds were Uruguay Email List offered in their retirement plan. A critical mass exists to move significant capital today There are organizations — both large, small and everything in between — that represent companies whose missions are very much in alignment with the values expressed in socially responsible funds and investments.
If these organizations would commit to working with their member companies to align their retirement funds with their social and environmental commitments, an irreversible movement would be created. It would ignite the transfer of a significant amount of capital to invest in the kind of world they seek, it would be a powerful and sustained counterpunch to the prevailing regulatory headwinds coming out of Washington and it would be great for the businesses they represent.