24 - Millennial Money: Millennials and Their Financial Problems
Episode description
The millennial generation is typically the children of boomers born between 1981 and 1996 - which means the oldest members are starting to turn 40. One of the statistics about this generation is that they are, on average, holding more debt than their forebears. Today’s podcast looks at the millennial generation and their relationship with money. Matthew Fader, Licensed Insolvency Trustee with Allan Marshall & Associates, delves into what kind of debt is incurred by different age groups, and why. He also explores:
- The difference between how millennials versus boomers perceive money
- What is different today in the kind of debt millennials carry
- The solutions and options available when they reach out for help
- How money has become easier to spend when the physicality has been removed
Whatever your age or generation you belong to, if you are dealing with unmanageable debt it may be time to reach out to a Licensed Insolvency Trustee. They are federally regulated and are the only debt professionals with access to all debt relief options.
About Matthew FaderMatthew has worked in the insolvency field since 2005 and joined Allan Marshall and Associates in 2017. His positive outlook helps reassure his clients with any financial insecurities they may have. Matt’s goal is to ensure that everyone has the best possible experience and is treated with respect.
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