The Case for Personal Financial Education in Schools: Part 7
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.