“Millennials face a kind of perfect economic storm. The Great Recession took a big bite out of their wages, and its ripple effects will continue to dampen their earnings potential for years to come. Wealth accumulation for Gen Y took an even bigger hit, especially for those burdened by high student debt.
These young people are less likely to invest in stocks, or to start a business, and are delaying traditional milestones such as homeownership and marriage. In the face of all this adversity, the challenge for millennials is clear: They have to learn how to earn smarter, save smarter and invest smarter.”
Jason Kirsch, CFP®, “Financial Fitness For Millennials: A Holistic Approach,”