Millennials are optimistic about their financial future and eager to meet their goals, according to various studies and surveys. Millennials are those born between 1981 and 1996, and they currently make up 22% of the US population. They are the most educated and diverse generation in history, and they have different values, preferences, and expectations than their predecessors. Some of the reasons why millennials are optimistic and ambitious are:

• They are more likely to earn higher wages and receive raises than other generations, as they have more skills, education, and experience in the labor market.

• They are more focused on saving, investing, and planning for their financial goals, such as buying a home, retiring early, or traveling the world.

• They are more aware of the social and environmental issues affecting the world, and they seek to make a positive impact with their money, by supporting ethical and sustainable brands, causes, and movements.

However, millennials also face some challenges and obstacles in achieving their financial goals, such as:

• They have more debt, especially student debt, than any previous generation, and they struggle to pay it off and manage their cash flow.

• They have less trust and loyalty in the financial system, institutions, and advisors, and they prefer to rely on their own research, online reviews, and recommendations from peers and influencers.

• They have less confidence and security in the future, as they have experienced the Great Recession, the COVID-19 pandemic, and the uncertainty of the global economy and politics.

Therefore, millennials need to balance their optimism and ambition with realism and caution, and they need to seek professional help, guidance, and support when necessary. Millennials have the potential and the opportunity to achieve their financial goals, but they also need to be prepared and resilient for the challenges and risks that they may encounter.

https://www.nbcnews.com/better/business/millennials-have-big-financial-goals-don-t-have-plan-research-ncna910261.

https://www.bankrate.com/personal-finance/millennials-optimistic-finances/

Tik4tat Research  Team, 2023