1) Traditional Families Traditional families consist of adults ages 35-65 who are married to someone of the opposite sex, with at least one child under 21 living in the household. Traditional families have no stepchildren, no adult children who have returned home, and no one besides the spouse or children living in the household. N=748 Gender 57% female | 43% male Age 45 years old (average) | 30% are 35-39 years old | 43% are 40-49 years old Children 26% have 1 child | 48% have 2 children | 26% have 3+ children Ages of children 42% 0-8 years | 41% 9-12 years | 51% 13-17 years | 19% 18-20 years | 15% 21+ years Race 75% Non-Hispanic white | 12% Hispanic | 5% Non-Hispanic Black Marital history 100% married (89% in first marriage) Employment 81% employed (65% employed full-time) 88% of spouses/significant others employed (79% employed full-time) 2% are retired Expect to retire: 31% before age 65 | 42% age 65-69 | 13% age 70+ | 15% never Education 28% some college/VoTech or AA degree 65% college degree (39% BA/BS degree, 21% graduate/postgraduate degree) Income $112,700 average annual household income before taxes (74% earn $75,000+) Savings $264,300 average household savings and investable assets $251,100 average retirement savings (15% with $500,000 or more) 24% could last one year or more if the main breadwinner(s) lost source of income Debt $32,960 average debt (not including mortgage) 14% more than half of monthly pre-tax income going to debt payments (including mortgage) 58% are comfortable with the amount of household debt Financial products 69% own life insurance | 29% have an education savings plan (e.g., 529 plan) 13% own an annuity Financial advisor 53% have ever used a financial advisor | 33% currently have one ABOUT THE STUDY Over the past 40 years, shifting demographics and profound attitudinal changes have helped redefine the concept of family for many Americans. To understand how this evolving family structure is changing Americans’ relationship with money and financial planning, Allianz commissioned the Allianz LoveFamilyMoney Study, 2014. (9/2015) ENT-1794 Find more information on the LoveFamilyMoney study at www.LoveFamilyMoney.com.