00:00It's Benzinga, bringing Wall Street to Main Street!
00:02A growing financial trend called LifeMaxing is shifting attention from maximizing savings
00:07toward using money for meaningful experiences.
00:09A new SoFi survey found 72% of respondents are willing to make slower progress toward
00:14financial goals to prioritize family and experiences.
00:17The trend may be especially prevalent among Gen Z and Millennials as they face financial
00:22challenges, including rising home ownership costs.
00:24The survey found 59% of Americans considered the ability to enjoy life a marker of financial
00:30progress, compared with 27% who pointed to owning a home.
00:34For financial advisors, the trend highlights the challenge of helping clients balance spending
00:38today with saving enough to support their long-term financial goals.
00:42For all things money, visit Benzinga.com.
