AZpire Growth to Inspire Millennials
Millenials are usually defined as being financially irresponsible, spending too much on impractical things or experiences, but they are actually positioning themselves to be in better financial shape than other genrations, according to the Generations Ahead Study from Allianz. The study found that 77% of millennials feel financially confident (compared to only 64% of Gen Xers). Further supporting this financial progress: 41% of millennials always set aside money each month for saving (compared to only 36% of Gen Xers). 58% believe saving for a retirement is a basic necessity. like food or housing. 71% of millennials also use "tricks" to make saving money easier. For example, a greater number of them use several accounts to automatically save their money for distinct puroposes (separate accounts for everyday expenses, loan, specific trip, investment, emergency fund, etc.). Social Media Dangers As their financial strength builds, however,...