Financial Pitfalls - Millennials

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money

M Seasons of life bring changing financial realities.  Millennials, mid-twenties to mid-thirties are earning more than most older Americans did at that same age.  They tend to be less collectors of stuff, a good thing.  Yet, they carry more debt.

V One in 5 carrying debt do not expect to pay off that debt in their lifetime. What would you call consuming or taking something you have no way or intention to pay off?

M They are the largest group in the work force.  The most self-focused group.  It is always a temptation to acquire using credit for immediate gratification. Romans 13: 8, Let no debt remain outstanding except the debt but love.