RadioMD: Staying Well

What Millennial’s Need to Know About Saving & Finance

January 13, 20148 min
Many Millennials have little to no money or are using their entire paycheck just to stay afloat.Millennials may know a thing or two about what's trending in the social world, but when it comes to saving and planning for the future, they often don't have a clue to the importance behind a steady bank account.Generation X and the rest of the world may say Millennials are lazy, narcissistic, have an itch for traveling and want to spend money any way possible. However, most Millennials have no money or are using their entire paycheck just to stay afloat.A study conducted by Financial Finesse found that 29 percent of millennial respondents figured out how much money they will need for retirement, and only 17 percent believe theyare on track to retire with 80 percent of their income.What about the rest of the millennial generation?Author and consultant on next generation career and workplace trends, Lindsey Pollak discusses what every Millennial needs to know about saving and finance.

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