Millennials

Getting millennial employees on board with financial wellness programs

Financial stress among American workers is high, particularly among millennials, a group that makes up 35 percent of the U.S. workforce.

A study by Payoff shows that one in four Americans and one in three millennials suffer from a condition known as Acute Financial Stress (AFS).  Study author Dr. Galen Buckwalter suggests

Three Ways To Embrace The Next Generation Of Family Office Leaders

The world of business is evolving at an exponential rate, new multi-billion dollar industries emerging rapidly and old, established industries becoming obsolete. In this fast-changing environment, operating with agility and a purpose-driven, innovative mindset is key to the sustained success of modern enterprises. For this reason, family firms need to look beyond the obvious

Why impact investing isn’t just for millennials

The young are vocal about climate change, pollution and inequality. Last year, Swedish schoolgirl Greta Thunberg was catapulted to fame when her climate protest sparked an international wave of school strikes. The youngest-ever US congresswoman Alexandria Ocasio-Cortez has been making waves with her Green New Deal.

One of the most powerful recent appeals, however,

Millennials and money — How employers can be a financial literacy resource

It’s clear that Americans need a little help with their money — in 2018 student loan debts reached a staggering $1.5 trillion crisis, employees continue to retire at a later age every year, and studies have shown that 65% of Americans save little to nothing of their annual income.

One subset of the American population that

Will Robo-Advisors And Chatbots Eliminate The Need For Financial Literacy?

OBSERVATIONS FROM THE FINTECH SNARK TANK

According to one banking industry expert:

Traditional methods for financial education are a waste of time when it comes to helping Millennials plan for their financial futures–instead, credit unions should share financial advice that helps Millennials get through the week or month, and relaying that

What are Americans’ top financial goals in 2019?

Most Americans have some type of financial goal, including paying down debt or budgeting better. A recent study by Bankrate shows that most families don’t have enough money saved for retirement or short-term emergencies.

Americans’ top financial goals for 2019

  • Pay down debt  30%
  • Budget spending better  13%
  • Save more for retirement  12%
  • Save

Millennials are already behind in their savings for retirement

Imagine a millennial fretting about the rising cost of avocado toast on the way to work, circa 2062. It’s the scenario being floated by a new study from Aon that says millennials are already behind in their retirement saving. The report from the risk, retirement and health consulting providersays most won’t be able to

Fintech savvy no substitute for financial literacy, finds study

Millennials’ usage of smartphones can’t fill gaps in their financial literacy, according to a new report.

The study, titled Millennial Financial Literacy and Fin-Tech Use: Who Knows What in the Digital Era, comes from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. It assessed individuals’ financial

Millennials don’t trust the financial industry. These startups want to change that.

One spring morning in New York City’s Financial District, several besuited men couldn’t help but stop and gaze at a rather out-of-place sign hanging from the New York Stock Exchange building. “Follow us on Pinterest!” read the enormous red banner. A few weeks later they stopped again, this time in front of a yellow

3 Things Employers Should Know About Financial Wellness Services

The job market is booming and employers are competing to attract and retain the best workers. This charge gets even trickier when looking at millennials. A recent study showed that nearly half of millennial employees said they would like their employer to provide additional help with financial matters, proving that there is a need for holistic

Millennials are leading an investment revolution

  • Nuveen’s Third Annual Responsible Investing Survey of over 1,000 affluent investors found there is increased interest in working for, buying from, and investing in socially responsible companies. This is even more true among the millennials surveyed.
  • 92% of millennials agreed with the statement “I care more about having a positive impact on

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

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 well

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

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

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 cost

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

2017-10-09T16:42:56-05:00Tags: , , |
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