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Mar 19

Why millennials does not have bank balance nor investments?

Would it surprise you to know that most people who were born after the late 1980s are broke?  Many are steeped in credit card debts. A lot of them don’t even have minimum balance in their bank accounts?

Here are two quotes that will interest you: “Savings is the last thought on their minds.” And it doesn’t help that when millennials do end up saving, it is usually haphazard, last-minute and solely for the purposes of tax planning. “That simply won’t do,” says Seth. “They need to learn how to estimate their future expenses, set goals, and work towards it in a disciplined manner. They also need to ensure that they have enough savings to sustain them in between jobs.”

“It’s never too early to start thinking about the next 10 or 20 years, or even retirement. And it is never too late to learn how to manage your money,” concludes Wali.

Mercifully, you have access to advice tailored to your requirement from us here at MyAssetsConsolidation.com. But do your friends have such information? Tell them to plan for their future. Today.

 

http://www.thehindu.com/life-and-style/why-millennials-are-broke/article23269623.ece?homepage=true&utm_campaign=socialflow

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