It is an easy assumption to believe that every generation had the same challenges and growing pains as any other.
The truth is even generational experts admit that Millennials and Generation Z have encountered specific and unique challenges in their quest to build financial stability and the best financial life possible in this ever-evolving, ever-changing 21st century. While some older Millennials may have secured themselves a home and started families, this era’s young adults as a whole have yet to root themselves in financial stability, even more so actual wealth.
Considering a troubling housing market, the still-lingering effects of COVID, rising inflation, and competing corporate philosophies of in-office vs. remote work preferences and more, these two generations are experiencing a rather large amount of uncertainty – both in their goals of achieving their personal finance objectives and their positions in the workplace.
So a big question seems to be: What are the most significant and foundational challenges Millennials and Gen Z face in their young lives and careers, and how might credit unions help them navigate these unpredictable times?
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