Millennials & Money: One Generation, Many Goals & Values
Transcript of Millennials & Money: One Generation, Many Goals & Values
>
>
64% 66%
57%62% 60%
81%
White Black Hispanic/Latino Asian
More Successthan Parents
Children moresuccessful thanyou
27%
61%
64%
69%
73%
74%
76%
Someone else is looking after my finances
I can give back (church, community)
I can buy what I want
Lets me do things in the spur of the moment
I can do the things I want to week to week
I know the value of my savings and assets
Lets me help others in my family if they needit
Helps protect me if I Iose my job
I don’t have to worry about my next pay check
Ensures you can provide for your family
76% 75%
23% 24%
46%
58%
45%51% 53%
I depend on others to pay my bills
I have enough money should I lose my job…
I overspend regularly
I have debt that keeps me from saving
I find it difficult to save for something major
I am actively saving for the long-term
I have successfully saved for something major
I am financially independent
I support my household financially
I have enough money for my day-to-day needs
16%
22%
23%
24%
26%
29%
29%
31%
33%
36%
38%
45%
66%
68%
Media / Sports personalities
Magazines
Blogs, YouTube channels or other online…
Credit card companies
Search engines
Online financial advice app / robo-advisor
Faith-based institutions
Articles in business news magazines or…
Articles in personal finance magazines or…
Colleagues
Employer
Friends
Banks
In-person financial advisor
Parents / Family
59%
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>