{"id":790098,"date":"2023-10-12T17:13:00","date_gmt":"2023-10-12T21:13:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\/"},"modified":"2023-10-12T17:13:00","modified_gmt":"2023-10-12T21:13:00","slug":"correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\/","title":{"rendered":"CORRECTING and REPLACING New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CORRECTING and REPLACING <\/b><b>New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50<\/b><\/p>\n<p class=\"bwalignc\"><i>To Accelerates Members\u2019 Retirements, SoFi Invest Announces a 1% IRA Match on IRA Contributions<\/i><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPlease replace the release with the following corrected version due to multiple revisions in the Disclosures section.<\/p>\n<p>\nThe updated release reads:<\/p>\n<p class=\"bwalignc\"><b>NEW SOFI SURVEY REVEALS AMERICA&#8217;S TOP FINANCIAL AMBITIONS; TWO-THIRDS OF GEN Z AND MILLENNIALS ARE WILLING TO SKIP DINING OUT FOR 5 YEARS TO RETIRE BY 50<\/b><\/p>\n<p class=\"bwalignc\"><i>To Accelerates Members\u2019 Retirements, SoFi Invest Announces a 1% IRA Match on IRA Contributions<\/i><\/p>\n<p>\nSoFi, the all-in-one digital personal finance company, today announced SoFi Invest<sup>1<\/sup> will offer a 1% match on all eligible IRA (individual retirement account) contributions<sup>2<\/sup>. This comes as a new survey<sup>3<\/sup> also out from SoFi today unveils Americans&#8217; top financial ambitions including: creating or sustaining generational wealth, buying a house or owning property, buying a car, retiring early and sending kids to college.<\/p>\n<p>\nDesigned to help members plan for their retirement in order to achieve this top financial ambition, SoFi is introducing the 1% match on eligible IRA contributions to ensure members get more for their hard-earned money and feel more confident in their retirement plans. SoFi members can earn the IRA Match on all new IRA contributions from outside accounts as well as new contributions through ACH transfers.<\/p>\n<p>\nSoFi Invest complements this new IRA 1% match with a full suite of investing tools and educational resources to help members at every step of their financial journey, including access to credentialed financial planners, career planners and award-winning investment tools such as SoFi Active Invest and SoFi Automated Investing<sup>1<\/sup>.<\/p>\n<p>\nOther data in the survey reveals interesting sentiment and trends around retirement including:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAlmost half (44%) of people feel like they are not making enough money to contribute to their retirement savings<\/p>\n<\/li>\n<li>\nAlmost three-quarters (71%) of people would rather own a home compared to over one-quarter (28%) of people would rather retire by age 50<\/p>\n<\/li>\n<li>\nMen are more likely than women to be saving for retirement (54% vs. 43%)<\/p>\n<\/li>\n<li>\nOf those people saving, men are more likely to know what is in their savings account (55% vs. 44%)<\/p>\n<\/li>\n<li>\nAnd the younger generations are willing to give up dining out for 5 years in order to retire by age 50<\/p>\n<ul class=\"bwlistcircle\">\n<li>\ntwo-thirds (66%) of Gen Z respondents would give up eating out at restaurants for 5 years to retire by age 50<\/p>\n<\/li>\n<li>\n7 in 10 Millennial respondents would rather give up eating out at restaurants for 5 years to retire by age 50<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\nTo learn more about SoFi\u2019s 1% IRA Match visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Finvest%2Fira-match%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=fbb59ce5ba095ac343f402aec77af849\">here<\/a> and to see more about SoFi\u2019s latest survey visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sofi.com%2Fblog%2Fsofi-state-of-ambition-survey&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=66234c7fa6d7bfa409f08602c533934b\">here<\/a>.<\/p>\n<p><b>About SoFi:<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi&amp;index=3&amp;md5=fb3eb672d033685955ac98700c7d6050\">SoFi<\/a> (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company\u2019s full suite of financial products and services helps its more than 6.2 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Fapp-download.html&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=app&amp;index=4&amp;md5=e047c7a38d8da2fa500947ed9585013f\">app<\/a>. SoFi also equips members with the resources they need to get ahead \u2013 like career advisors, Credentialed Financial Planners (CFP\u00ae), exclusive experiences and events, and a thriving community \u2013 on their path to financial independence.<\/p>\n<p>\nSoFi innovates across three business segments: Lending, Financial Services \u2013 which includes <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Fbanking%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi+Checking+and+Savings&amp;index=5&amp;md5=9554bde17130e419a8e0bd12c7e0a4fb\">SoFi Checking and Savings<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Finvest%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi+Invest&amp;index=6&amp;md5=c83531fdf0b7c2ddd4bec24f458a5745\">SoFi Invest<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Fcredit-card%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi+Credit+Card&amp;index=7&amp;md5=6d1fd1b26b161a0c1ad75b54b7580357\">SoFi Credit Card<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Fonline-insurance%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi+Protect&amp;index=8&amp;md5=71ac67a8a3295977d08d7e7facab2314\">SoFi Protect<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Ffinancial-insights%2F&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi+Insights&amp;index=9&amp;md5=fd487ac7554c44c80b3735b099c3b93c\">SoFi Insights<\/a> \u2013 and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2F%3F_gl%3D1*s3kcmm*_ga*OTE4ODQ3ODguMTY3NDEwNjYxOA..*_ga_KEZMZR4YK5*MTY3NjU5NjIyNC4zNy4xLjE2NzY1OTY1NTkuNC4wLjA.&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=SoFi.com&amp;index=10&amp;md5=1544a68a9ab7c3540e216a7c7b4befb1\">SoFi.com<\/a> or download our <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fapps.apple.com%2Fus%2Fapp%2Fsofi-one-stop-shop-finances%2Fid1191985736&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=iOS&amp;index=11&amp;md5=c8781d0b2ee66b2bc0ad26c6b94a35f7\">iOS<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fplay.google.com%2Fstore%2Fapps%2Fdetails%3Fid%3Dcom.sofi.mobile%26hl%3Den_US%26gl%3DUS%26pli%3D1&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=Android&amp;index=12&amp;md5=98c414ad1b501ccc1cc284d02e17a22c\">Android<\/a> apps.<\/p>\n<p><b>Disclosures<\/b><\/p>\n<p>\n1. SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.<\/p>\n<p class=\"bwmarginl1\">\n1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (\u201cSoFi Wealth\u201c). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.<\/p>\n<p class=\"bwmarginl1\">\n2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.finra.org&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=www.finra.org&amp;index=13&amp;md5=745e24018dd38ee5440cd34bf60e78e8\">www.finra.org<\/a>)\/SIPC(<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sipc.org&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=www.sipc.org&amp;index=14&amp;md5=b67e72565feb94bd61cb69cd9cb6eee8\">www.sipc.org<\/a>). Clearing and custody of all securities are provided by APEX Clearing Corporation.<\/p>\n<p class=\"bwmarginl1\">\n3) SoFi Crypto is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.<\/p>\n<p>\nFor additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com\/legal.<\/p>\n<p>\nNeither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Bank, N.A.<\/p>\n<p>\n2. This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.<\/p>\n<p>\nInvesting in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. The firm reserves the right to monitor and retain all incoming and outgoing communications as permitted by applicable law.<\/p>\n<p>\nSoFi doesn\u2019t provide tax or legal advice. Individual circumstances are unique. Consult with a qualified tax advisor or attorney about your specific needs.<\/p>\n<p>\nSee terms at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fsofi.com%2Firamatchterms&amp;esheet=53598349&amp;newsitemid=20231012676447&amp;lan=en-US&amp;anchor=sofi.com%2Firamatchterms&amp;index=15&amp;md5=f389830df7682a5bfb4492f8c48f489f\">sofi.com\/iramatchterms<\/a> for full details about the offer.<\/p>\n<p>\n3. The SoFi Ambition Survey findings are based on an online survey of 2,000+ consumers conducted by SoFi in the U.S. between August 21 through September 1, 2023.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231012676447r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20231012676447\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231012676447\/en\/<\/a><\/span><\/p>\n<p><b>PR Contact<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:pr@sofi.com\">pr@sofi.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Generation Z Generation X Finance Fintech Banking Apps\/Applications Other Consumer Professional Services Women Millennials Men Personal Finance Software Consumer<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231012676447\/en\/1913637\/3\/SoFi_horz_RGB_Turquoise_CircleR_Upward.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTING and REPLACING New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50 To Accelerates Members\u2019 Retirements, SoFi Invest Announces a 1% IRA Match on IRA Contributions SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Please replace the release with the following corrected version due to multiple revisions in the Disclosures section. The updated release reads: NEW SOFI SURVEY REVEALS AMERICA&#8217;S TOP FINANCIAL AMBITIONS; TWO-THIRDS OF GEN Z AND MILLENNIALS ARE WILLING TO SKIP DINING OUT FOR 5 YEARS TO RETIRE BY 50 To Accelerates Members\u2019 Retirements, SoFi Invest Announces a 1% IRA Match on IRA Contributions SoFi, the all-in-one digital personal finance company, today announced SoFi Invest1 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CORRECTING and REPLACING New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790098","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CORRECTING and REPLACING New SoFi Survey Reveals America&#039;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CORRECTING and REPLACING New SoFi Survey Reveals America&#039;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CORRECTING and REPLACING New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50 To Accelerates Members\u2019 Retirements, SoFi Invest Announces a 1% IRA Match on IRA Contributions SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Please replace the release with the following corrected version due to multiple revisions in the Disclosures section. The updated release reads: NEW SOFI SURVEY REVEALS AMERICA&#8217;S TOP FINANCIAL AMBITIONS; TWO-THIRDS OF GEN Z AND MILLENNIALS ARE WILLING TO SKIP DINING OUT FOR 5 YEARS TO RETIRE BY 50 To Accelerates Members\u2019 Retirements, SoFi Invest Announces a 1% IRA Match on IRA Contributions SoFi, the all-in-one digital personal finance company, today announced SoFi Invest1 &hellip; Continue reading &quot;CORRECTING and REPLACING New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; Two-Thirds of Gen Z and Millennials Are Willing to Skip Dining Out for 5 Years to Retire by 50&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-12T21:13:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231012676447r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/correcting-and-replacing-new-sofi-survey-reveals-americas-top-financial-ambitions-two-thirds-of-gen-z-and-millennials-are-willing-to-skip-dining-out-for-5-years-to-retire-by-50\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CORRECTING and REPLACING New SoFi Survey Reveals America&#8217;s Top Financial Ambitions; 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Please replace the release with the following corrected version due to multiple revisions in the Disclosures section. 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