T
he spirited debate around the financial habits of millennials is a cauldron of mixed opinions. On the one hand, critics describe millennials as a spendthrift generation, which would rather live an unsustainably lavish life than learn the most basic money management skills. Others go so far as to say that the situation is much worse than we think. On the other hand, pundits are of the opinion that millennials’ money management skills are not as bad as critics paint them out to be. In fact, they credit some aspects such as their spending habits for sustaining whole industries; which can either be a good thing, or not depending on how you look at it. This article gives a succinct analysis of both sides of this raging debate, and aims to dispel some of the extreme notions regarding millennials and money without delving into the financial technicalities of money management.
A MAGAZINE FOR THE CAREER-PERSON AND ENTREPRENEUR
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