Financial Education Blog Series: Young Adults

They are the generation that came of age in a time of economic uncertainty: young adults, between ages 18 and 25, dubbed “millennials” by the media.

For them, student loan debt, underemployment, the rising cost of living and the never-ending pressure of consumer culture have shaped their financial experience thus far and will likely have a far-reaching impact on their financial futures. And while information is more accessible than ever before, studies are mixed on just how much of it millennials are digesting when it comes to financial literacy.

Over the next 12 weeks, the Community Bank blog will take a look at financial issues facing today’s young people, from establishing credit to buying a first car. We’ll provide some tips and strategies for saving, investing and planning for the financial future. Whether you’re starting your first 401k or just saving your pennies for a rainy day, we’ll help improve your financial-know how!

What’s your financial IQ? According to a recent FINRA study, only 24% of millennials were able to answer four or five questions correctly on this Financial Literacy Quiz. See how you measure up!

Did you like this? Share it:

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *