Millennials, and money
Millennials’ Money, Just 38 percent of the millennial generation (those born from the early 1980s to the early 2000s) have ever used a physical bank facility other than an ATM, according to the website BusinessInsider.com. And in the past five years, 42 percent of millennials have used such questionable financial services as payday loans, pawnshops, auto title loans, tax refund advances and rent-to-own products, says CBS MoneyWatch. We have got to get them better educated of the pitfalls of poor money management. This is a well educated group of young people who are learning the hard way that they loose a ton of hard earned cash by using payday loans, tax advance advances, etc. If you have any millennials in your life I encourage you to get them tuned into the pitfalls of all these easy money places that pray on their age group.