Broke Millennial? This Investment Strategy Actually Works
If you were born between 1981 and 1996, you're in the "millennial" generation, and you're between about 29 and 44 in age. You may also be struggling financially. According to a recent report from Bank of America, between about 20% and 23% of millennials are living paycheck to paycheck, defined as spending more than 95% of their incomes on necessities. Yikes!
So what should millennials who are struggling a little -- or a lot -- do? One powerful strategy is to make a plan. Start being proactive about getting in better shape financially. I don't mean to be glib, though, because the headwinds millennials are facing are real, such as a tough job market and inflation.
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Source Fool.com
