The Springfield News-Sun – Thomas Gnau
“Too many of the generation known as millennials — those born from the mid-1980s until the late 1990s — are financially troubled, raiding retirements savings and resorting to payday loans services, a recent study shows. More than 80 percent of college-educated millennials said they have at least one long-term debt in a survey by national audit firm PricewaterhouseCoopers done with the help of the George Washington University Global Financial Literacy Excellence Center. Nearly a third are overdrawn on their checking accounts, the study says. And more than 40 percent are using payday loans, auto title loans and other “alternative financial services” just to get by.”(more)