Modern Wealth Survey 2024 Methodology and Findings

This document is a report detailing the methodology and findings of the Modern Wealth Survey conducted by Charles Schwab in March 2024. The survey involved an online study with a national sample of 1,000 Americans aged 21 to 75, supplemented by an additional 200 Gen Z participants. The report outlines generational differences in financial confidence and investment behaviors, indicating that younger generations feel more capable of achieving their financial goals compared to older generations. It presents data on the perceived accessibility of investment options, financial education, and the impact of technology on financial management. The findings reveal that a significant portion of Americans believe they are living a better lifestyle than their parents and are more adept at investing. The report also highlights the reliance on financial advisors and the varying degrees of trust in different sources of financial advice among generations.