Millennials

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Money 101 For Millennials: Seven Tips For Improving Your Financial Literacy

When young adults become fully responsible for their personal finances for the first time, they're often in for a rude awakening. Financial literacy is rarely taught in school, and if their families didn't discuss credit scores, taxes and interest rates as they were growing up, these newly-minted members of the "real world" can easily get

Why this could be one of the best ways to invest in America’s future

Millennials, the generation born between the early 1980s and the mid-to-late 1990s, make up about one-third of today’s U.S. workforce. They are better educated than previous generations, with a greater proportion of them possessing a college degree. Because they have lived through the Great Recession, they are more risk averse. They are also more likely

More & More Millennials Choosing Socially Responsible & Moral Investing

Over three-quarters of Millennial investors are currently choosing to or are interested in investing their finances in socially responsible and impacting investment options that aim to create positive change in the world, according to a new report published by investing platform Swell Investing. Swell Investing — “an impact investing platform that aims to deliver profit as

Millennials are set to be the most unequal generation yet

In an economic climate where the top 1% own half the world’s wealth, a new analysis by Credit Suisse suggests that millennials in several advanced economies are likely going to face the worst income inequality of any generation in recent memory. The report, which focuses on the US, Germany, France, and Spain, shows that millennials are generally saddled

Entrepreneurs Want To Change The World More Than Ever

More “elite entrepreneurs” around the world consider making a positive impact on the world a central feature of what they do in business, sometimes almost as important as breaking even, particularly when Millennials are concerned, a global survey of high- and ultra-high net worth entrepreneurs by BNP Paribas Wealth Management has found. The French bank’s Global Enterprise

To Budget Better, The First Step Is To Admit What You Don’t Know

Today, Millennials are increasingly negotiating salaries, paying off student loans, and paying rent or a mortgage. Some are also beginning to save for their children’s college educations. All of this makes budgeting paramount, yet the overwhelming majority of Millennials fall short when it comes to financial literacy. In a study conducted by the National Endowment for Financial Education and

Laden With Student Debt

At year-end 2016, Americans held a record $1.3 trillion in outstanding federal student loans, according to a report from the Federal Reserve Bank of New York. These loans now represent the biggest chunk of consumer debt in the country outside of mortgages, and they carry the highest delinquency rate. Additionally, it seems that the skyrocketing

Will FinTech Spur More Millennials to Invest

Today’s morose Millennials, criticised for potentially killing the NFL and the napkin industry, are tomorrow’s financiers. Worse than killing the NFL and napkin industry, Millennials broadly feel indifferent towards finance. This sets a poor precedent for the future. However, there is light in the darkness as FinTech offers the opportunity for today’s youth, across the world, to get

Millennials and Women Are the New Faces of Giving

Two client segments—millennials and women—are ahead of the philanthropic curve, and their more inclusive, strategic approach means a sharper focus for giving and a greater impact for investing. Making an Impact The benefits of incorporating strategic philanthropy, which seem so evident today, didn’t happen overnight. Philanthropy has steadily increased since 1954, and the single largest

How The Financial Landscape Disadvantaged Millennials

Before knowing if we’d grow up to be journalists or engineers, we all learned to write essays and add fractions. We would for certain grow up to pay taxes and build credit, yet few learned to read financial forms and phrases. Now as adults, 57% of us struggle with financial literacy—and it’s not our fault. We grew

2017-09-30T18:31:19+00:00 Tags: , |

8 financial mistakes that millennials make

Unfortunately, young people are not as financially literate as they'd like to believe. My generation of Millennials is notorious for thinking we've got it all figured out, but according to a recent study on financial literacy, we're not nearly as clever when it comes to money management as we'd like to believe. Only 8 percent of 5,500 Millennials

Millennials are driving a shift in how the ultra-wealthy manage their money

Regular people put their money into a savings account or hand it over to a financial adviser to manage. But the wealthiest tend to pull out a few more stops, and in some cases establish entire teams, referred to as family offices, that are staffed with financial professionals dedicated to building and managing their vast wealth. A new

Millennials Are Driving Global Sustainable Investment

A new investor survey conducted by leading global financial services company Morgan Stanley has revealed that three-quarters of investors and 86% of Millennial investors are interested in sustainable investing. The second edition of the Morgan Stanley Institute for Sustainable Investing Investor Survey, Sustainable Signals, surveyed 1,000 individual active investors and examined the attitudes, perceptions, and behaviours of

Morgan Stanley report on Wall Street sustainability, millennials

Millennials aren't just eating avocado toast and snapchatting, they're also driving the growth of a $9 trillion market on Wall Street: sustainable investing. Sustainable investment products, which aim to deliver outsize returns and remedy societal and environmental ills, have grown at a rate of more than 33% between 2014 and 2016 in the US, according

Millennials, Technology And The Challenge Of Financial Literacy

Modern life has brought new challenges — and millennials are feeling some of those challenges more keenly. There is a significant gulf between real financial literacy and financial confidence. A surprising number of millennials lack a basic understanding of finance. Managing money can be a full-time job for anybody who wasn’t born into an abundance

Millennials, Invest To Achieve Profit And Purpose

Forget the paradigm that many believe Millennials to be the “Me Generation.”  Research proves them to be the “Us Generation.”  “Us” encompasses the world. BlackRock, the world’s largest asset manager, recently conducted a survey that was discussed by Anne Ackerley in The BlackRock Blog. They that found that “67% of millennials say they want investments to reflect their social

Why Millennials Care About Social Impact Investing

Millennials, more than any previous generation, are investing in organizations that prioritize the greater good, most of which seek to provide access to resources, opportunities and rights that many of us take for granted. Millennials want to invest in organizations that don’t focus on lining the pockets of their boards of directors. They want to

2017-01-21T13:51:47+00:00 Tags: , |