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!