The best millennial finance stories of the past fortnight

The best millennial finance stories of the past fortnight. Find out why millennial women could be setting themselves on a collision course, how finances are putting pressure on millennial marriages and why a quarter of millennials think they’ll never be able to retire.

Millennials make this smart financial move more than any other age group

A study by Discover found that, far from being disengaged with their finances, millennials are the age group most likely to be working to improve their credit score. 83% of millennials said they are taking steps to boost their score. However, on closer inspection, up to 70% said the main way they’re doing this is by checking their credit scores. Furthermore, another survey, by financial tech firm OppLoans, found that one in four millennials thought their poor credit scores were holding them back.

Marriages are crumbling under student loan debt

img_0775.jpg

A study by Student Loan Hero, a website aimed at helping people manage education debt, has unveiled the relationship pressures faced by those in the US with high level of student debt. Around a third of divorced borrowers named college loans and other money issues as factors in the breakdown of their relationship. 13% specifically blamed student loans.

Quarter of young ’to work for ever’

img_0781-e1534687918798.jpg

A quarter of millennials think they’ll never be able to retire, according to a new survey by Printerland.co.uk. This is in large part down to their lack of trust in the state pension, with around a fifth of those in this age group not believing it will still be available when they reach retirement. Others still are concerned that they’ll have to find additional sources of income in retirement to keep the money coming in.

75% of millennial couples talk about money at least once a week

img_0785.jpg

A new survey by TD Bank has found that millennial couples are surprisingly open about their finances. Nearly 75% of millennials in relationships say they talk about their money with their partner at least once a week. Experts believe this could be making them happier.

Millennial women may be on a collision course with financial disaster

img_0812.jpg

Research by TD Ameritrade has found that the gap between the financial aspirations of millennial men and women is widening. According to the survey, millennial men said they wanted to earn $118,000 a year, while their female counterparts said they would be satisfied with $58,500. This gap in aspiration could be putting women on course for poor financial outcomes. Millennial women also felt that having children had harmed their career advancement.

Refinery29, Kylie Jenner, and the Denial Underlying Millennial Financial Resentment

img_0818.jpg

This article looks at the growing inequality among millennials. It considers the gulf not just financially, but also in terms of attitude between rich and poor millennials.

The articles include a piece in The Money Diaries feature in online magazine Refinery 29 where a young woman working as an intern angered many when she revealed she was receiving a generous monthly allowance from her parents, who were also covering her expenses. Recent coverage of Kylie Jenner and the debate about how self-made she really is also covered.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s