Schwab Study: Millenial Workers and Equity-based Compensation Plans

Think Advisor picked up research findings from Schwab/Logica study about equity compensation. For millennial workers in a survey, equity compensation made up 42% of net worth.

Logica Research (formerly Koski Research) conducted an online survey in July of 1,000 employees of companies that offer equity compensation plans. These were currently participating in such a plan and were between 25 and 70 years old. Their average total value of equity compensation was $98,908. Survey participants were not asked whether their employer had accounts with Schwab Stock Plan Services.

Some 40% of respondents — and 60% of millennials — said equity compensation was a chief reason they took their job, and three-quarters said it was a very important or even an essential benefit.

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