The fifth installment and a National Journal Feature Article take a comprehensive look at the economic condition and prospects of the Millennial Generation as many of them are graduating from college and hoping to enter the workforce.
The financial obstacles faced by this generation are evident in the fact that many Millennials say that, while they can get by each month, they find it difficult to save and invest. Debt is a significant burden for many. According to the survey, the average debt load for Millennials is approximately $21,900. In order to get by, 39% of Millennials receive regular financial assistance from their parents, and 33% currently live at home with their parents. Above all, Millennials believe in the importance of achieving a stable career and making smart financial choices.
The Millenial Experience Series