Millennials confident but chronically stressed about money

Dec 18, 2020 lhnddidp

first_imgA majority of millennials (84%) are confident in their ability to manage their finances while 41% are “chronically stressed” about money, according to the latest report by Bank of America in collaboration with USA Today.In a statement, Andrew Plepler, executive, Global Corporate Social Responsibility at Bank of America commented, “Even though millennials are confident about money and focused on their finances, they’re still experiencing a great deal of stress. That’s due in part to factors out of their control – a volatile global economy, a changing job market and, to some extent, the student debt they’ve taken on.”Plepler emphasized that it is important for millennials to focus in they can control such as their level of financial knowledge and awareness during uncertainty.“This survey indicates there may be room for more effective financial management efforts that make it easier for millennials to take greater control of their finances, and hopefully alleviate some of the stress they feel,” said Plepler. continue reading » 60SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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