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Millennials Chronically Stressed Regarding Their Financial Futures
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Millennials – those between 18 and 34 years old – are now the largest generation in American history, constituting 25 percent of the population, according to the U.S. Census Bureau. They’ve surpassed baby boomers in number and are poised to exceed that generation’s financial impact on the country. So it’s concerning news that a new Bank of America/USA Today Better Money Habits Report found that while 84 percent of millennials are confident in their ability to manage their finances, 41 percent report feeling “chronically stressed” about money and more than half say anxiety about money affects their emotional well-being.