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Millennials Are Super Savers, But In Debt
- USA Today, Tuesday, July 8, 2014 9:42 AM
A study by Transamerica Center for Retirement Studies finds that about 70% of Millennials, starting at around 22, are saving for retirement either through employer-sponsored plans or outside the workplace. Boomers started saving at about 35 years old on average. But Americans also owe more than $1.2 trillion in student loans, and more than half of Millennials say they are living paycheck to paycheck.
It is very important to understand main principles of money management in order to avoid debt and to build long-term financial stability. Average person needs to delve into numerous financial vehicles and to be aware of all possible financial alternatives. It is very important to be aware of how to redistribute hardly earned money and how to bridge different kinds of emergencies. When it comes to difficulties there is a good option to apply for emergency loan via Internet.