Preview

10 Things Millenial-Aged Adults

Better Essays
Open Document
Open Document
1036 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
10 Things Millenial-Aged Adults
I am majoring in Accounting, and an area that greatly interests me is financial advising. Many people, regardless of their age, do not understand how to prepare financially to ensure a good future. Starting to save as early as possible is the smartest thing for people to do, but many young adults do not know how to do this or why they should. A few common reasons why young people are hesitant to invest their money are the difficulties of growing up during the Great Recession, the overwhelming amount of student loans and debt they are drowning in, and experiences from other family members who lost money from bad investments. While researching this topic, I found two articles with reasons why millennial-aged adults do not invest and things they can do to improve their future financial …show more content…
I chose author and writer for U.S. News Money Kimberly Palmer’s article “10 Things Millennials Should Do to Reach the Next Financial Level”, and I compared it to an article titled “Money Management Practices of College Students” that was published in the College Student Journal and written by Reasie A. Henry, Dr. Janice G. Weber, and Dr. David Yarbrough, all from the University of Louisiana

You May Also Find These Documents Helpful

  • Good Essays

    Dana Gioia builds up a very strong argument by having an abundance of factual evidence. That help her back up her every claim. Therefore, she is able to persuade the reader on the topic of how there is a decline in the intellectual endurance of Americas new millennials. there is a decadence in intellectual development The New American young adults have shown a decline based off the fact that people are no longer introducing literature into their lives in her article she says “A strange thing has happened in the American arts in the past quarter century.”” The interest young Americans showed in the arts and especially in literature has diminished.” (Paragraph. 1) which is showing Americans are no longer interested in literary reading.…

    • 265 Words
    • 2 Pages
    Good Essays
  • Good Essays

    John Petersen’s article, “Accounting 101 For The 21 ST Century: A Liberal Arts Education in Carbon,” brought out some prevalent points in regards to the way society has forgotten to properly educate young adults in the area of finance. I agree, “Recent graduates have a lot to learn about budgeting when they leave college” (Petersen 475). College students have to be responsible and learn to only purchase the things that they need instead of buying the things they want. Most students are just getting out on their own, and making financial decisions, but they should be learning how to balance a checkbook. Instead, many of them open credit card accounts, except student loans and find themselves in the negative.…

    • 341 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    End of Course Summary

    • 382 Words
    • 1 Page

    There are two topics that I believe are the most important for adults to know and understand. The first of the two topics is credit cards/credit card debt. I do not have credit cards and I grew up in a family that believed that if you do not have the money to buy whatever it was that you wanted, you did not need it until you saved that money up. My family-as far back as I can remember-never believed in credit cards, or even credit for that matter. The second topic that is most important for adults to understand is the difference between Roth IRA’s and 401K’s. It is important to understand what your work will contribute, how long it takes to mature and what is the penalty rate if you were to prematurely take money out of your 401K.…

    • 382 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    In the essay, “A Generation of Slackers? Not So Much” Catherine Rampell, the economic journalist for the New York Times defends college graduates. The reaction from many older Americans is that this, “Facebook generation” are the laziest generation ever. Three in four Americans believe that today’s youth are less virtuous and industrious than their elders. One thing that has made life easier for this generation is technology. Technology has made life easier for the younger generation, and the way young adults work now is very different to what it was before. Nowadays college students spend less hours studying, however the grade point average rose to about 3.11 by the middle of the last decade. Many college students of today work more and save…

    • 285 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Most consumers under the age of 28 are not good at saving money. This is because they figure that they will not have to worry about anything…

    • 732 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Full Duty Thesis

    • 1423 Words
    • 6 Pages

    There were 23,000 casualties between the union soldiers in the Battle of Gettysburg. This battle was the only one his regiment fought in during his time apart of the the Union army. Some could say Daniel was lucky because he became ill shortly before the battle, because of this, he missed out on one of the bloodiest battles in the Civil War. Out of all the men Daniel was lucky to avoid getting wounded, captured, or killed. He was lucky to go home after the war and spend time with his family in the green hills of Vermont.…

    • 1423 Words
    • 6 Pages
    Better Essays
  • Good Essays

    From the early 1980’s to the early 2000’s is the Millennial Generation. Just like how there is the Baby Boomers and Generation X; it’s the group of people born within those years and which are now in late High School and early adulthood. Many of these now adults are split into many different groups, depending on what they want to do in life.…

    • 805 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Today’s world is controlled by money, which means students should begin to develop skills in financial literacy. In becoming financially literate, students learn how to manage and invest money, how to budget money, how to handle debt and how to prepare for their future. Although many students may believe they understand financial literacy, they will find themselves struggling and in debt. Some students believe that the only way to pay for school is through loans, however, there are multiple ways in which school can be paid for. School can be paid for through federal aid loans and grants, scholarships and work study programs. When I…

    • 657 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Generation Debt

    • 1706 Words
    • 5 Pages

    Twenty-four-year-old Anya Kamenetz started out as a journalist asking hard questions about her generation for which no one seemed to have good answers. Why were college students nationwide graduating with an average of more than $20,000 in student loans? Why were her friends thousands of dollars in credit-card debt? Why did so many jobs for people under 35 involve a plastic name badge, last only for the short-term, and not include benefits? With record deficits and threats to Social Security, what kind of future are young people facing?…

    • 1706 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Wealth Gap In America

    • 612 Words
    • 3 Pages

    As someone who identifies as a millennial, an issue that is of importance is the wealth gap. While time has progressed, there has been a rise in the wealth of those who are already wealthy, and there has been a lower standard of salary implemented for those currently entering the job market. This is partly caused by the stagnating median wages that have become a very common trend in the United States of America. Consequently, there will be detrimental affects on my generation, along with my family.…

    • 612 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Emerging Adulthood

    • 2004 Words
    • 9 Pages

    The past three decades in the world have seen the number of young people with obesity increase by nearly a triple. This is according to reports from the National Center for Health Statistics (Eisenberg, Radunovich, & Brennan, 2013). Obesity is rarely caused by genetic or hormonal defects, and the main reason for the high occurrence of obesity, therefore, is the high intake of calories than an individual can burn. As much as the major reasons for the overall increase in the number of overweight and obese adolescents is not known, the most common theory is that the society has become more successful. This implies that adolescents…

    • 2004 Words
    • 9 Pages
    Better Essays
  • Good Essays

    According to the Federal Reserve Bank of New York, “Student loans play a huge role in financing higher education, which is crucial to improving the skill of American workers. However, the burden of student debt is close to $1 trillion, and some have different requirements when being paid back.” With the increasing rates of college tuition, students are being required to take out more and more loans because they do not have the massive amounts of money to pay for it themselves. Though many students tend to have jobs in their high school career, most of them do not save anything that they earn. Even if they saved money between the time they can get a job, in which most places require the minimum age to be sixteen, and go to college, it would not be possible for there to be enough money to pay for college tuition out of pocket. Sometimes students cannot get a job due to the dedication to school and lack of time after extracurricular…

    • 729 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Consumer Debt

    • 1067 Words
    • 5 Pages

    Over two thirds of people under the age of twenty four realize they do not know enough about finances, and are losing money because of it (Norvilitis). The reason young adults lack this knowledge is because schools rarely have financial classes. Even if such classes are offered, students see few reasons to take them, as getting accepted into prestigious colleges may require classes like math and science instead of those. Another problem is the parents, who do not teach their kids enough about finances and how they work. Children rarely seem to have the knowledge growing up about the importance of finances, saving money, and being cautious with spending your money. When it is not taught at school, it becomes the responsibility of the parents to assume that role, a role that many times is not filled. Without the correct knowledge, many children grow up lacking the thought of keeping track of their expenses, paying taxes, and putting money into…

    • 1067 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Sixty-eight percent of adults with student loans and whose children have loans are unhappy with the way they financed their own or their children's college(Journal of Accountancy). Sixty-eight percent, that is a disturbingly high number, that means that six out of ten students right now will regret how they paid for college and consequently will lead them along to the wagon that is debt. If we are to stop the rising influx of debt: teaching students about how to operate their finances in college will result in a reduction of students with…

    • 1222 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Going Back To College

    • 1100 Words
    • 5 Pages

    Nance-Nash, S. (2012, June). Dreams Vs. Debt: Older College Students Discuss The Value of Going Back To School. Retrieved September 2013, from http://www.forbes.com…

    • 1100 Words
    • 5 Pages
    Better Essays

Related Topics