Finance

Why Millennials Shouldn’t Take Financial Advice From Mom & Dad

Published

November 10, 2014

Where college-age millennials once leaned on parents for everything from spending cash to laundry help, they’ve graduated to a new facet of dependence that’s just coming out in the wash: financial advice.

Two new surveys, one by Fidelity Investments and the other by TIAA-CREF, both released this fall, reveal that millennials seek out their parents more than anyone else for financial guidance. In Fidelity’s “Millennial Money Study,” which surveyed 152 adults ages 25 to 34, 33 percent of millennials identified parents as their top choice for trusted money advice.

Get the full story here.

In this article:Millennials, News, Personal finance

Click to comment

Business

Marcus Damas, Fueled by Culture

What is the gap between culture and technology? According to Damas, entertainers have passions that brands and companies may not be aware of, and...

Luke SolowayOctober 2, 2018

Entrepreneurship

The ‘Best Small City For Startups’ Award Goes To…

And the winner is (drumroll please): Holland, Michigan! Never heard of it? Well, it’s a four-hour drive from Milwaukee, and it is populated by...

GenBizNovember 25, 2020

Explaining the Difference Between Libertarians and Republicans

2016 president election

Explaining the Difference Between Libertarians and Republicans

In a political climate dominated by a two-party system, Libertarians are constantly confused as off-brand Republicans. Although the two groups sometimes align on issues,...

Kevin D. GomezJune 13, 2016

Personal Finance

More Millennials Are Buying Houses Because Of Their Dogs

Millennials’ love of pets is so strong that it’s affecting their housing decisions. Young Americans are less likely to be parents, own a house...

Gabrielle MontesDecember 2, 2020

GenBiz

Finance

Why Millennials Shouldn’t Take Financial Advice From Mom & Dad