According to a 2014 study on the value of college from the Pew Research Center, college graduates are outpacing their peers in “virtually every measure of economic well-being and career attainment.” This includes average annual income for full-time employment, poverty and unemployment rates, and job satisfaction. For example, when study participants were asked if they were “very satisfied with their current job,” 53% of college graduates with bachelor’s degrees answered favorably, compared to 36-37% of high school graduates and people who … [Read more...] about Is Going to College Worth It Anymore?
Maybe it’s because this generation makes less money than previous generations did, or maybe it’s because Gen Y burns through cash without saving much of it. But either way, millennials are not prepared long-term. This generation is pushing back the big financial decisions in life like buying a home and establishing a viable retirement plan. A new survey from the Indexed Annuity Leadership Council (IALC) reveals that 15 percent of millennials have less than $25,000 saved. One-in-three millennials say they set aside no money for retirement … [Read more...] about New Survey Shows Millennials Have Little Savings for Retirement