Millennials and Money – The Perfect Storm?
They were born during the savings and loan crisis, became teenagers in the era of 9/11 and the War in Iraq, watched their family suffer in the 2008 market crash, and entered adulthood during the housing bubble and great recession. On track to be the first generation to face more economic hardship than their predecessors, Millennials see money as difficult to earn and easy to lose. Our most recent trend study focuses on this stand-out generation and how they view finances.
Financially, Millennials are conservative, skeptical and some would say just downright unlucky. The recession-scarred cohort thinks differently than past generations. More education means more loans. Credit cards mean high credit. The stock market is just straight danger.
The combination of a bad economy, expensive student loans, a competitive job market and stagnant income rates has created a sea of debt and a world of doubt for Millennials. Some might call it a perfect storm.
To view the complete Fusion Hill Millennials & Money trend report, email info@fusionhill.com
July 11, 2014 | Research
