Essay On Millennials

EIP Research Review
Line of inquiry: Millennial’s finances are better than people have assumed, more specifically their retirement savings.
Key search terms: Millennials cultural overview, millennials current news, millennials current information, millennials current finances, millennials and avocado toast, millennials retirement savings, millennials and the great recession, millennials spending habits,

https://www.washingtonpost.com/news/food/wp/2017/05/15/dont-mess-with-millennials-avocado-toast-the-internet-fires-back-at-a-millionaire/?utm_term=.a3d1d8323f10
Tim Gurner, a millionair from Australia, publically announced that the reason why millennials have such bad finances are because they make poor food decisions. According to
Gurner,

One of those banks is Bank of America. Bank of America announced that surprisingly the people who were contributing more to their retirement funds were the people between the ages of 23-35. The growth of millennials investing in their 401(k) plans is 20% higher than in 2015. This new rise is credited not only towards millennials wanting to save more, but also with the influx of employers creating a plan for their employees to have automatic-enroll for their 401(k)s. When companies advertise this feature to their future or current employees, it opens the door for them to start contemplating their savings and investings. It also draws people to the jobs that the companies offer. Older generations are normally already settled in and have been employed, but there are plenty of millennials constantly searching for good job

They observed that millennials have less trust in banks and financial institutions because of the Great Recession. Millennials are more educated when it comes to financing big purchases compared to previous generations. The research also shows that 80% of millennials believe they should start saving for retirement as soon as possible. Most millennials were making their break in the “real world” when the Great Recession broke out, not only did this affect their trust in financial institutions, but it also made them take financial matters into their own hands. Millennials financial stability is on the rise and growing at a much faster rate than their counter generations. Millennials are becoming more diverse with their investment options and especially taking into consideration the need to save for their future. This article exemplifies this case for millennials and their