MY ACCOUNT

Millennial Money: 3 financial moves that deserve more credit

Most articles about millennials focus on how they’re messing up — how they’re suffocated by student debt, how they’re spending frivolously, and how they’re behind on major life milestones like buying a home.

But don’t buy into all the gloom and doom. In this Associated Press article, which also appeared in the New York Times and San Francisco Chronicle, Treehouse Wealth Advisors’ Hallie Kraus, CFP®, CRPC®, says it’s time millennials got the credit they deserve.

“Millennials were given a front-row seat to the financial crisis,”  Kraus said. “Many of us witnessed our parents struggle to pay the bills after getting laid off or suddenly finding their home underwater. Through these experiences, we were taught a unique set of lessons about money that are actually serving us well.”
Here are just a few ways millennials, a group that today reaches from their mid-20s to nearly 40, are getting it right when it comes to their finances:

  1. They know their worth. A 2018 report from Bank of America found that millennials were far more likely to ask for a raise than those in other generations. And when millennials made the ask, they got paid.
  2. They’re saving for retirement, early. Among millennials who are saving (73 percent), 3 of 4 are putting money away for retirement, according to a 2020 report from Bank of America.
  3. They’re focused on credit. Nearly 40 percent of millennials improved their credit score in the past year, according to Bank of America’s 2020 survey.

Read the full Associated Press article “Millennial Money: 3 financial moves that deserve more credit” here.

Headquartered in New York City, the Associated Press is an independent, not-for-profit news cooperative  dedicated to factual reporting. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. The Associated Press provides content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Founded in 1846, AP today is the most trusted source of independent news and information. On any given day, more than half the world’s population sees news from AP.

Written By
Treehouse Wealth Advisors Team

Treehouse Wealth Advisors is a women-led firm based in Walnut Creek, CA, dedicated to crafting tailored financial solutions for individuals and families. With a focus on long-term, relationship-driven approaches, we empower clients to invest their time and assets purposefully. Our team is passionate about challenging the status quo and embracing change to find better solutions.

Disclosure:

Form CRS (Client Relationship Summary) is a summary of the services and fees we offer to “retail” investors, which are natural persons who seek or receive services primarily for personal, family, or household purposes.

Click here to download a PDF of Treehouse Wealth Advisors’ Form CRS.

Garrison Point Advisors, LLC doing business as “Treehouse Wealth Advisors” (“TWA”) is an investment advisor based in Walnut Creek, CA and registered with the Securities and Exchange Commission (“SEC”). Registration of an investment advisor does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. TWA only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of TWA’s current written disclosure brochures, Form ADV Part 1 and Part 2A, filed with the SEC which discusses among other things, TWA’s business practices, services, and fees, is available through the SEC’s website at:  www.adviserinfo.sec.gov.

The information provided in this blog is for educational and informational purposes only and is not intended to constitute financial, investment, tax, legal, or accounting advice. The content is general in nature and may not be applicable to your individual circumstances. Nothing herein should be interpreted as a recommendation or solicitation to buy, sell, or hold any security, investment strategy, or financial product.

Readers should not act upon the information contained in this blog without seeking advice from a qualified professional who is familiar with their specific financial situation. Any examples or hypothetical scenarios discussed are for illustrative purposes only and do not guarantee future results.

All opinions expressed are subject to change without notice. While care has been taken to ensure the accuracy of the information presented, no guarantee is made as to its completeness or accuracy, and no liability is assumed for reliance on this content.

Any non-TWA links or websites mentioned in this site are unaffiliated with TWA, and TWA has not been involved in the preparation of the content. In circumstances where we reference non-TWA links, external websites, or third-party content, it should not be construed as an endorsement or adoption by TWA. TWA does not guarantee the accuracy of, or assume any responsibility for, any such content.

Third-party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of TWA.

Latest Posts
⑊
Subscribe to Our Newsletter

Related Posts