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Only thing working Americans find more confusing than how much to save for retirement is understanding teenage lingo, new Voya survey finds

1. Voya's survey shows 29% of workers struggle with retirement savings clarity. 2. Understanding retirement savings is compared to grasping teenage slang.

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Why Bullish?

The survey highlights the demand for retirement planning solutions, which Voya provides. Historical parallels show increased consumer interest can boost related financial sectors.

How important is it?

The survey findings draw attention to a prevalent issue in retirement savings and may lead to increased engagement with Voya's services.

Why Long Term?

As awareness of retirement planning grows, Voya may see a sustained increase in demand. Similar trends in the past have led to lasting gains for companies in the financial services sector.

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WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) is releasing findings from a new consumer research survey revealing that, when it comes to knowing how much to save for retirement, working Americans consider the task almost as challenging as understanding teenage “slang” phrases often used by today's youth. Specifically, Voya's research found, among benefits-eligible workers, nearly one-third find knowing how much to save for retirement (29%) almost as confusing as teenage sla.

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