Faculty Publications

Title

Millennials Are the Least Financially Literate Generation

Document Type

Article

Publication Date

8-2015

Abstract

Have you heard anything lately about the baby boomers retiring? You’d pretty much have to be living under a rock to answer that question with a “no.” As a Center for Financial Security, we serve a variety of audiences across current topics that have the potential to affect our industry’s future. One particular issue that spans all generations has captured our attention: financial literacy. Although much is being asked about what the boomers know about basic retirement concepts, we have turned our attention to the opposite end of the financial planning timeline — the millennials.