Financial Facts about Millennials

Financial Facts about Millennials

Enterpreneur.com cites “seven interesting financial facts about millennials.”  It starts with “Slow income growth. Millennials lag their previous generations when it comes to income growth and their net take-home salary. Data from the Insitute of Fiscal Studies finds that it is the first time that people in their 30s are earning less than those who were born a decade earlier. The median annual household income has declined for those born in the early 1980s in comparison to those born in 1970s.” 

The second point is Questionable financial literacy.  “This has been a talking point in the UK for quite some time, with the average individual owing more than £8,000 in debt (apart from the mortgage). Research finds that millennials, aged 25 to 34, are the most likely to have debt among all the generations.”  Read more

shadow

About Us

We are a firm of highly experienced independent financial advisers based in Leamington Spa. Our core values are simple - integrity and professionalism - and have seen our business grow mainly through customer referrals and reputation.

Latest News

Get in Touch

Beaufort Wealth Management Ltd,
7B Tournament Court,
Tournament Field
Warwick,
Warwickshire,
CV34 6LG
01926 460156

Beaufort Wealth Management Limited is an appointed representative of The Tavistock Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA No: 469862. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. No responsibility is accepted for the accuracy or content of external websites.

Content