by: Christina Pontisso
Millennials aren’tseeking financial advice. Nearly 25% of those born betweenthe years1980-1989 saidit’s becausethey don’t trust anyone for reputablemoney advice, asstatedin a recent study from Fidelity investments (Huffington PostDec. 9). Other young adults surveyed reported that they worry about their financial state on a regular basis.
So where are young adults suppose to turn to?Credit Unions! Even Nerd Wallet agrees,“Because credit unions are nonprofit organizations, any money they make off of their financial products is reinvested into their institutions,” saidNerdWallet’sGraham Ober in theHuffington Postblog. “This helps them provide more affordable fees on loans and mortgages.“It’s in every credit union’s best interest, therefore, to have members who are knowledgeable about their finances and who don’t, for example, default on loans.”
