10 Stats on How Millennials Think About Personal Finance
We hear a lot about Millennials’ potential to drive the housing market, but are Millennials’ personal finances ready for this generation to become homebuyers?
In a new study, public relations company Edelman looks at Millennials’ view of money management.
The survey, Millennials & Money, defines Millennials as age 20-35. The survey categorized participants into four ethnic groups: Asian, Black/African-American/Caribbean American, Hispanic/Latino, and White. Survey participants ranged from college students to professionals and heads of households.
The findings may be helpful to anyone working with Millennial homebuyers—mortgage lenders, housing counselors, or real estate agents, for instance.