Watching Generation X # 2

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

M What are young adults learning from their families?  It is reported that they inherited 3 financial habits.  Because they grew up through economic tumultuous times, they inherited the frugality habit. 

V  Millennials and Generation Xers inherited another habit.  They know the value of hard-earned money.  Allowances and doing chores.  Being required to pay for extras from their small pouch was not a hardship, but a blessing.  They save and find creative ways to make money.  The third big impact they inherited was the emphasis on college education as a path to financial success.

M We’ve stated before that all college degrees are not that path and college debt is rarely good, but a degree in an employable field is a good thing.