The Millennial Shift

Key Takeaways

  • With each succeeding generation, the educational and career expectations increase. This delays the start of marriage, family and home ownership.
  • Nearly half of 20- to 29-year-olds have debt today, compared to just 17 percent of 20-somethings who had debt in the 1980s.
  • Long-term coddling by parents, colleges and society isn’t helping young adults move faster to financial independence.
  • Achieving financial independence isn’t only about money and careers; it’s a shift in one’s mind-set.

Financial Literacy—Not an April Fool’s Joke

Key Takeaways

  • April is National Financial Literacy month. It calls attention to how much work people of all ages have to do to improve their money skills.
  • Over 120 million Americans do not have estate plans. It’s never too early to start one.
  • The majority of people in their 70s could run out of money if they live into their 80s and/or 90s. Don’t let this happen to you.