An illustrated guide to Millennials and money

Why Millennials are not “lazy” and “entitled”

Photo credit: hrp_images now on Flickr.

Some ideas about Millennials just aren’t true, especially when it comes to Millennials and money. For example, there is a general misconception that Millennials couldn’t care less about financial goals. A recent piece about a “Millennial ETF” (exchange traded fund, similar to a mutual fund) even suggested that the tickers LOL and WTF are available and “fitting for the Millennial fund.” Our “millennial” reaction? UGH.

On the off chance that this is a real trend, we need to get on it — there are so many options from BAE (think Snapchat and Tinder) to YAAS.

In all seriousness though, Millennials earnestly care about financial goals and money. We’re not naive, careless, lazy, and entitled, as many believe. In fact, Millennials are actually one of the most financially conservative generations, begin saving for retirement at an earlier age than their parent’s generation, and save more aggressively.

Millennials have been given a bad rap, and I want to help set the story straight. This is an important topic because…

There are a lot of Millennials

To put it in terms of TSwift

As a generation, we want to save and invest

Because we want to reach financial and life goals

It’s not easy. We’re facing hurdles, like student debt, which has increased significantly