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Accounting for Age: The Financial Health of Millennials

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Abstract

While millennials hold higher levels of student loans, education is often an investment that improves productivity and future earnings. Given these considerations, the concerns regarding millennials? spending and saving habits may be at least partially eased, as they will likely have more time in the labor force to accrue assets and pay off their debts.

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  • YiLi Chien & Paul Morris, 2018. "Accounting for Age: The Financial Health of Millennials," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 26(2).
    • Handle: RePEc:fip:fedlre:00183
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    File URL: https://www.stlouisfed.org/publications/regional-economist/second-quarter-2018/accounting-age-financial-health-millennials
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    Cited by:

    1. Christopher J. Kurz & Geng Li & Daniel J. Vine, 2018. "Are Millennials Different?," Finance and Economics Discussion Series 2018-080, Board of Governors of the Federal Reserve System (U.S.).
    2. Cwynar Andrzej, 2020. "Financial Literacy, Behaviour and Well-Being of Millennials in Poland Compared to Previous Generations: The Insights from Three Large-Scale Surveys," Review of Economic Perspectives, Sciendo, vol. 20(3), pages 289-335, September.

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