August 25, 2016

Millennials are a high-impact generation poised to shape the national and global economy in new and significant ways—and their economic influence is expected to grow over the next decade. But the platform from which they will wield this influence is a troubling one.


August 24, 2016

Millennials Don’t Seek Professional Financial Help

Although the majority of Millennials have inadequate financial knowledge, they are not consulting financial professionals to compensate for that deficit.

Case in point:

• Only 27% had sought professional financial advic...

August 22, 2016

Debt accelerator.

Debt snowball.

Debt avalanche.

Whatever you want to call it… it works! If you seriously  want to pay off debt fast, building up a better credit score, and starting a brighter financial future, here’s what you need to do:

Step 1: Gather all your most recen...

August 19, 2016

Debt Crosses Economic and Educational Lines and millennials are over-indebted regardless of education levels.

• 2/3 of all Millennials, and 80% of collegeeducated Millennials, carry at least one source of outstanding long-term debt

• 31% of all Millennials, and 44% of co...

August 16, 2016

Millennials are at the start of their work lives, yet they are already tapping into their retirement accounts - if they've even started one: 

• Only 36% have a retirement account

• 17% with an account took a loan in the past 12 months

• 14% took a hardship withdrawal in...

August 15, 2016

Millennials face a spectrum of financial challenges and fear that they have little maneuvering room in case of an emergency.

• Nearly 50% don’t believe they could come up with $2,000 if an unexpected need arose within the next month

• Nearly 30% are overdrawing on thei...

August 14, 2016

Millennials Worry About Student Loans.

Student debt is common across demographic characteristics. Millennials are heavily leveraged on their educational investment, and many student-loan borrowers are troubled by this debt.

• 54% are concerned about their ability to rep...

June 16, 2016

Millennials Have Inadequate Financial Knowledge. Among the overall adult population, Millennials are the age group with the lowest level of financial literacy.

• Only 24% demonstrated basic financial literacy
• Only 8% demonstrated high financial literacy

When tested abo...