When it comes to learning about money management, millennials are forging
their own way for good reasons – the main one being that things are totally
different now than they used to be. The fact is, millennials face completely
different financial issues than the generations before them.
Millennials are defined as the individuals born between 1981 and 1997, and are
also known as Generation Y. This generation is the largest generation. They are
very diverse, as only about 40 percent of them identify as non-Hispanic whites.
They are more likely to get married later in life, and they like to live in
metropolitan areas rather than in rural areas. Additionally, they’re not as drawn
to materialistic trappings as their older counterparts. However, that may be due
to the money challenges that they face.