If you’ve been paying attention to the real estate trends, you may have heard the Millennials just aren’t buying homes at the same rate as their previous generations. Aside from the simple fact that it’s just not affordable for most, many site reasons like high student debt and low loan availability. Studies show that only 37% of millennials owned homes in 2015 – that’s 8% lower than Gen Xers and Baby Boomers at the same age.Continue reading “Advice from Millennials on How to Buy a House in Your 20s”
There’s often a debate over which retirement fund you should choose: a Traditional or Roth IRA? As a millennial, there is a definite advantage to choosing one over the other. Continue reading “Why every millennial should have a Roth IRA”
As a business owner, you’ve seen people come and go. Everyone is different, but you’ve noticed that each age group has similarities.
Millennials are entering the workforce now, challenging businesses with new ideas and forcing their managers to adapt to their peculiar lifestyles. Integrating the new generation with the Baby Boomer culture is challenging, but not without advantages.
The biggest benefit of hiring millennials is their self-confidence. It’s no secret that kids these days have been lauded with attention and validation. For many, that grows into a strong sense of drive and a desire to achieve. That’s something you have to foster in older employees, but you just have to point younger ones in the right direction.
So how do you assimilate Millennials into your business without disrupting your flow?
More than any generation before them, millennials have grown up in a world built on credit and borrowing. For many of them, debt has become a way of life. And for many, especially those who financed an education with credit, they may already find themselves carrying a significant amount of long-term debt and are having difficulty dealing with it. Understanding how to handle this debt will be an important, if not essential, part of how they fare in the coming years. So here are some general rules to follow for millennials hoping to better manage their debt.