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Millennials Have Been Dealt A Difficult Financial Hand

July 19, 2021 by Bautis Financial

Millennials have lived through the 2008 recession and the ongoing COVID-19 crisis. However, that doesn't mean they can't get control over their financial health.

According to a survey of millennials, 69% live paycheck to paycheck. Millennials make 20% less money then the boomer generation at the same point in their lives.

Even though they make less, millennials tend to spend more on non-essentials than boomers did.

The most unglamorous but critical thing for millennials to do is: Budget. Budgeting gives you control over your financial health. If you’re in a relationship, budgeting together can decrease stress and improve communication. It will reduce anxiety and increase the joy in the things you do buy.

So what are you waiting for? Start budgeting!

Category: Budgeting/Saving, Finance News, VideosTag: Budget, Budgeting, Finance Tips, Millennial Finance Tips, Millennial Money Tips, Millennials, Money, Money Tips
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