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Exploring Social Media Trends Among Assurant Employees: Insights for Baby Boomers

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A recent study conducted by Security.org unveiled surprising trends regarding social media usage across generations,  with a significant focus on baby boomers. Contrary to popular belief, which often associates social media prowess with younger demographics like millennials, it appears that baby boomers are not only active users but also greatly benefit from their online interactions. This revelation questions the stereotype of social media being predominantly a young person’s arena.


The research led by Corie Colliton reveals an impressive 84% of baby boomers believe that social media positively influences their lives—a stark contrast to the 33%  of millennials who view their online interactions negatively. This difference is especially striking given the high integration of social media in the daily routines of younger generations.

For baby boomers at Assurant, this affinity for social media may stem from their unique historical context. Having witnessed the dawn of television, the expansion of cable, and the birth of the internet, they have embraced each new technological wave as a fresh media outlet. This extensive exposure to tech innovations likely contributes to their adaptive and favorable use of social media platforms.


However, the way baby boomers engage with social media differs significantly from younger users. They tend to spend less time online, which might lead to a more satisfying and less overwhelming online experience. Assurant employees from this generation typically use social platforms to stay connected with friends and family, enhancing their sense of happiness linked to these interactions.

According to Statista, YouTube tops the charts as the favorite platform among baby boomers, with 70% using it regularly, closely followed by Facebook.  This preference aligns with traditional media consumption patterns that favor content viewing over interactive engagement. Usage rates for other platforms like Pinterest, LinkedIn, and Instagram vary, with Twitter and Snapchat being less popular among this demographic.

When interacting with technology, baby boomers at Assurant often utilize a single index finger for typing on smartphones—a method reminiscent of older dialing techniques. This contrasts with the thumb-typing speed common among younger generations.

The study also sheds light on broader cultural attitudes toward social media. Only 26.5% of boomers believe social media should not exist, compared to 44% of millennials. This indicates a generational divide in how social media is perceived within society.

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Interestingly, the study finds that positive sentiments about social media often come from Southern male boomers who are married, hold at least an associate degree, and lean politically to the right. In contrast, millennial women from the Midwest, who are single and lean left politically, generally have a less favorable view of social media.

For Assurant employees approaching retirement, the role of social media is increasingly vital.  A 2022 Financial Times survey  highlighted that about 60% of baby boomers now engage with financial content on platforms like Facebook and YouTube. They use these sites not only for personal connections but also to monitor market trends, seek financial advice, and manage their retirement planning.

For baby boomers at Assurant, mastering social media is like rediscovering a cherished classic car with modern updates. They appreciate the blend of traditional engagement and new-age digital tools, enjoying the journey much like driving a well-loved, refurbished car on modern roads. This generation values the integration of conventional wisdom with innovative technologies, enhancing their experience as they navigate through the evolving digital landscape.

What is the Assurant 401(k) Savings Plan?

The Assurant 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax basis.

How can I enroll in the Assurant 401(k) Savings Plan?

Employees can enroll in the Assurant 401(k) Savings Plan by completing the online enrollment process through the Assurant benefits portal or by contacting the HR department for assistance.

Does Assurant offer a company match for the 401(k) Savings Plan?

Yes, Assurant offers a company match for the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What is the maximum contribution limit for the Assurant 401(k) Savings Plan?

The maximum contribution limit for the Assurant 401(k) Savings Plan is determined by the IRS and may change annually. Employees should check the latest IRS guidelines for the current limit.

Can I change my contribution amount to the Assurant 401(k) Savings Plan?

Yes, employees can change their contribution amount to the Assurant 401(k) Savings Plan at any time through the benefits portal.

What investment options are available in the Assurant 401(k) Savings Plan?

The Assurant 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

When can I start withdrawing funds from my Assurant 401(k) Savings Plan?

Employees can typically start withdrawing funds from their Assurant 401(k) Savings Plan without penalty at age 59½, but specific rules may apply, so it's best to consult the plan documents.

What happens to my Assurant 401(k) Savings Plan if I leave the company?

If you leave Assurant, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it with Assurant until you reach retirement age.

Is there a loan option available in the Assurant 401(k) Savings Plan?

Yes, the Assurant 401(k) Savings Plan may allow employees to take loans against their vested balance, subject to certain terms and conditions.

How often can I change my investment allocations in the Assurant 401(k) Savings Plan?

Employees can change their investment allocations in the Assurant 401(k) Savings Plan as often as they like, but it's advisable to review your choices periodically.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Assurant announced a significant restructuring plan, including layoffs impacting around 10% of their workforce. The restructuring aims to streamline operations and reduce costs amidst a challenging economic environment.
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For more information you can reach the plan administrator for Assurant at 28 Liberty St New York, NY 10005; or by calling them at +1 212-859-7000.

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