Forbes – Robert Farrington
“…why, as millennials, do we fail to follow up with our money and financial life? It’s a growing trend that is harming millennial financial health. Millennials, as a generation, have a larger delinquency rate on their bills compared to all other ages…Why are millennials (or anyone really) late on their bills? It’s a lack of follow up and understanding of financial organization. Many young adults expect everything to just happen…As a society, we need to improve financial literacy among millennials, but it’s a challenge…We need to reach millennials financially in ways they understand – by teaching them about apps that could help manage all of their accounts in once place, and showing them how to setup online bill pay…All of that is possible with a little financial education about the tools needed for financial organization. Then, they won’t have to follow up…as much.”(more)