Give them some credit: Millennials smarter about credit & saving than many think

Millennials and the financially savvy aren’t often considered one and the same. However, new findings indicate Millennials may be much more aware of and on top of their finances than they’re given credit for.

A recent Credit Karma study shows Millennials are responsibly taking out credit cards to build their credit, working hard to increase their savings and preparing for retirement. This is despite the fact that they’re burdened with higher student debt load than any prior generation.

“Millennials are following in the footsteps of generations before them: saving for the future is top-of-mind,  loyalty with employers who offer fair pay is a priority and hitting life’s traditional milestones is important to them,” Bethy Hardeman, Credit Karma chief consumer advocate, said in a recent press release.

continue reading »