E-mail :

Password :

Forgot Password? | Sign up for Free

THE RELATIONSHIP BETWEEN MILLENNIALS AND CREDIT

Posted by : Premraj | Posted on : Monday, February 15, 2016

Keeping Score: Millenials and Credit
SHARE THIS
FACEBOOK

Millennials outnumber the Baby Boomer generation by some 15 million people, and this a generation that is demonstrating a whole new set of priorities and goals in comparison to their predecessors.

When you look at the financial profile of a typical Millennial, there are a number of interesting comparisons that demonstrate just how different their attitude towards credit is and how their life priorities are not always the same as generations before them.

This infographic takes a look at the complicated relationship between Millennials and credit and comes up with some interesting statistics to think about, such as the fact that only 3% of Millennials have taken out a mortgage.

This is a much lower number than you might expect and it is in part explained by the fact that Millennials earn an average wage which is some $20,000 less than the U.S average, and also influenced by a lower than average credit score, as well as a more focused approach to personal health and happiness rather than property ownership and other aspirations such as getting married and having kids.

With 92 million Millennials, this is a generation that is doing things differently and maybe setting a trend for a shift in aspirations and attitudes that might well carry forward to the next generation too.

Source: avant.com

Comments : Post a Comment | Category : Uncategorized | Tags :

Leave a Reply

Your email address will not be published. Required fields are marked *

*

* Copy This Password *

* Type Or Paste Password Here *

2,234,758 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Current month [email protected] day *

Free Budgeting software to better manage your money

Register for FREE, Learn More or Watch the Video