Financial security, owning a home, and the ability to retire at the desired age are the key components of the American Dream for Asian Indian families, according to the latest State of the American Family Study by Massachusetts Mutual Life Insurance Company (MassMutual). Asian Indian families have a positive outlook regarding their ability to focus on their financial needs but struggle to balance family and financial priorities.
The new study examines attitudes towards finances and financial planning of families living in the U.S., and finds around three-fourths (76 percent) of Asian Indian families surveyed believe in the idea that the American Dream still exists.
Preparing to Live the Dream: Retirement and Protection“We understand the optimism as well as the apprehension when navigating your financial future. We want to help families build confidence in attaining the American Dream,” says Paul Lapiana, Head of MMFA Field Management at MassMutual. “Our financial advisors are committed to providing practical action steps to help families in their local communities meet both short-term financial goals and long-term financial security. That’s where a company with over 165 year of experience like MassMutual can help.”
Helpful financial tips, an overview of research findings from the Asian Indian segment and other groups (including the methodology) can be found at massmutual.com/familystudy
To find a local financial advisor near you, visit MassMutual.com