The Case for Personal Financial Education in Schools: Part 7

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 advice on savings and investments within the past five years

 

• Only 12% had sought professional advice on debt management.

 

If Millennials don’t ask for help, their financial problems could extend or worsen in the future.

 

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