Generational differences can be found in the way people approach legal matters, confirms a new national study by Russell Research conducted on behalf of ARAG, a leading provider of legal insurance in the worksite market.
“Legal Needs of Today’s Multi-Generational Workforce” showed that Baby Boomers, for example, are most concerned with the creation of a will, estate plan or trust, while members of Generation Y tend to focus on identity theft and credit card theft, as well as apartment rental and landlord disputes.
There’s also plenty of worry to go around given the challenging economy in that “people are increasingly concerned about a wide range of legal needs for which professional expertise would be useful for prevention or resolution,” reports Ann Dieleman, ARAG’s senior vice president and chief marketing officer.
Of the respondents, 67% experienced a family, financial, home or automobile-related legal event in the past year. Other key findings indicate that only one-fifth of the survey respondents have the means for saving for legal events, nearly two-fifths do not have any plan and another two-fifths would have to find a way to cover any expenses that arise.
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http://www.voluntary.com/articles.cfm?articleID=311
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