Millennial Generation
Many Millennials cannot cover their basic needsPosted by RJ and Makay on May 02, 2012 |
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A WSL Strategic Retail survey shows that one-fourth of Millennials (age 18-34) do not earn enough money to cover basic needs. This compares to 17% of adults aged 35 to 54, and 13% of people age 55 and older. The employment rate for young people age 18-24, at 54%, is the lowest in six decades, according to the Pew Research Center. The challenges of young people are further compounded by student loan debt that by some estimates exceeds $1 trillion.
There is a significant gap between how advisors rate themselves and how they are rated by clients, according to a new survey by The Million Dollar Round Table (MDRT). The MDRT Financial Harmony Study surveyed U.S. consumers and financial advisors to measure perceptions and attitudes among consumers of financial products and services and their financial advisors.
