David Lerner Associates: Millennials vs. Boomers Gap
There is a generation chasm between Millennials and Baby Boomers. Their use of technology and their choice in music and culture may be very different. But there is one area in which they are not so different: financial planning.
How Millennials are Changing the Student Loan Cycle
91 percent of millennial parents are determined not to perpetuate the loan cycle with their children. This is considerably higher than other generations - 76pecent of parents ages 36-45 and 74 percent of parents ages 46-55 said that debt caused them to use other strategies to cover college costs.
David Lerner Associates: Millennials and Financial Literacy
Millennials are exceptional in many ways - better educated than their predecessors, more ethnically diverse, and more economically active, but according to a study, even though they're burdened with student loan debts and economic uncertainty, Millennials know little about personal finance.
Money Smart Millennials
They watched their parents finances crushed in the recession and their own financial outlook darken in the times following, but Millennials are now raising their financial IQ collectively.
Millennials Can Create a Lifelong Wealth Plan
For a highly educated generation, Millennials show a surprising ineptitude in certain areas of money management. And a generation that lacks secure pensions will certainly need to prepare for their twilight years.
Millennials and Financial Education
It may no longer come as a surprise to anyone that Millennials do not have an excellent grasp on the management on money. Studies suggest that even with greater financial burdens from economic uncertainty and student loans, they are still lagging behind in basic financial education.
Millennials Most Common Money Mistakes
Although young Americans who graduated this year are better off than their older siblings, they're still feeling some effects of the Great Recession. One thing they are doing right is starting to save earlier than previous generations, but their biggest money mistakes are not saving enough and holding what they do save in cash.
FINRA Finds Most Americans are Financially Better Off in 2016
Americans are finding it easier to pay their bills and are increasingly satisfied with their finances, but this does not apply to everyone. Minorities and young people are still feeling the pinch
Millennials and Retirement
It seems that Millennials have been getting a bad reputation and they don’t deserve it. The common view of the next generation of young adults is that they are attached to their phones or mobile devices and have no idea about the real value of money. Many articles mention that Millennials are not saving for the future and, in fact, could be facing a bleak financial future.
FINRA Study Reveals Millennials Lack in Financial Capabilities
Given the financial challenges millennials face, the ability to make well-informed and effective financial choices is important for them. A FINRA National Study suggests that younger Americans lack the financial knowledge to make well-informed decisions and that they engage in behaviors that are detrimental to their financial health.
How Technology is Changing Life Insurance
September was Life Insurance Awareness month and although one might think that life insurance is something to consider as you grow older, according to LIMRA's Insurance Barometer Study 77% of Millennials say owning life insurance is a good thing.
October is National Learning and Development Month. It's important in both your professional and personal lives to keep learning, broadening, and advancing your skills. Especially when it comes to your financial education.
Lessons Boomers Could Learn From Millennials
There is a tendency of older, wiser folk to dismiss the views of a younger generation. However, Millennials may be able to teach Boomers some valuable lessons about how to manage money.
The American Dream According To Millennials
A recent study gave some very interesting insights into the minds of the generation know as Millennials, especially with regards to money and The American Dream.
Being a Financial Grown-Up
Financially speaking, it's time to face up to the idea that some "adulting" is required on the part of Millennials in their financial behavior.
Millennials and Financial Security
The oldest of the Millennial generation are now reaching age 35. If ever there were a time to take a look at your financial landscape and assess one's future, now would be that time.
Retirement Advice for Millennials
The generation known as Millennials is coming toward an age group where retirement should be on their minds because this is the perfect time to start preparing a retirement strategy.
Financial Security for Young Adults
Millennials have an advantage in that they have a comparative wealth of time to plan for retirement and allow smart financial investments to mature
Millennials and Retirement Advice
Millennials are heading toward an age where retirement should be on their minds, not because they're going to retire soon but because this is the ideal time to start preparing a retirement strategy.
How Millennials Will Change the Face of Finance
Millennials are poised to transform nearly every facet of the American and global economy, and the finance industry is about to experience tremendous change as it works to address the needs and preferences of this different customer.
Financial Literacy for Young Adults
National Financial Literacy Month is recognized in the United States in April as an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.
Millennials and Debt
The average Class of 2016 graduate has over $37,000 in student loan debt - up 6% from last year.