Student debt is a big deal for many millennials.
That “educational investment” yield a lower ROI than expected?
Over 40 million Americans currently struggle with student loans, with the national burden of federal student debt rising over $1 trillion.
The average student debt load for today’s millennials recently registered at over $35,000 – a financial obligation that can put the “no-go” on many costly life events, such as getting married, having kids, and buying a home. A 2015 survey by Bankrate indicated that 56 percent of people ages18 to 29 have put off major life events – even purchasing a car and saving for retirement – because of student debt.
Many of you may be thinking, “Yep – that’s me!”
I’m Jen. By day, I am an HR professional and by night, I am a frugal lifestyle blogger and freelance writer.
I am passionate about helping fellow millennials to make smarter financial choices. After I finished grad school in 2013, I found myself underemployed and buried in $75,000 of student loan debt.
A friend recommended Dave Ramsey’s book The Total Money Makeover and I was hooked. My husband and I are now hustling to pay off our combined $117,000 of student loans in just three years. I write about getting out of debt, living frugally, and earning extra income on my blog Frugal Millennial. Continue Reading…
Meet David of Young Adult Money!
I’m David Carlson, a millennial personal finance blogger and author.
I currently act as the editor of the blog Young Adult Money, which I started four and a half years ago.
I published a book in May 2016 called Hustle Away Debt which is focused on helping people pay off debt faster through side hustles.
I also speak on personal finance topics and help companies market to millennials.
Guest Contributor: Christine Sato
The largest generation in U.S. history has changed the way we look at business and finance through their entirely different values and perceptions of what is important in the world today.
Millennials have embraced a wide range of lifestyles that has shifted the traditional models of what it means to be an adult member of the United States society.
Basically, what was important to their parents, most likely holds little to no value to the millennial or at the very least, ranks much lower in their list of priorities.
Let’s look at three ways these shifting values influence the world of business and finance. Continue Reading…