Millennials Are Having a Tough Time Increasing Their Wealth This is due to the rising costs
of things such as college
over the past 10 years. According to accounting company Deloitte,
the average financial assets of those who are
18 to 35 years old are less than five figures. From 2004 to 2017, the issue has seen a jump of
of 160%. This is a result of the
college education fees
increasing by 65% The debt is partly to blame for millennials avoiding property investments. In addition, they are
paying more for essentials
such as healthcare. But millennials are still young
and have time to fix their
financial situations. Cutting back on big expenses
or starting a side hustle
are good ideas. In terms of retirement, investing in an IRA can be a smart solution.
