Money problems are not just for the middle aged and the middle class. Millennials are experiencing money problems like never before. Between their desire to keep up with the ‘Jone’s’ to astronomical student loan debt, millennials are drowning in money woes.
Between joblessness, underemployment, and rising prices and more it is much harder to get out of the burden of debt then ever before. Young people are going into debt sooner then the previous generations as well. Using student loans to pay for rising college prices and credit cards to pay for necessities its no wonder there is such a problem with debt burden with millennials.
Combing all those factors with the sense of entitlement, lack of money knowledge, and inflation and its a dangerous mix for the future generations.
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The Tidal Wave Of Money Woes Drowning Millennials