Many Millennials are Worse Off Than Their Parents... Are You One Of Them?
When it comes to money, it turns out millennials aren't that different than preceding generations, except for one major factor: They have much less of it.
Not only less money, but more debt... much more debt.
In all, the millennial's net worth is more than half than that of the previous generations, and that trend is getting worse.
We're so glad you've found us. There's so much to say and so little time.
Before you go any further... It's crucial that you sign up for our weekly free e-Newsletter.
Every week, you receive an exclusive analysis what's going on in the world and financial markets. You won't better information anywhere else.
All we ask is for your first name and primary email address. Then click the button to join. Then watch your inbox for our weekly perspective.
Discover The Truth About Our Economic System and How The Game Is Rigged Against You!
We are very excited to share our educational series with you. The Morgan Millennial Minute is a 100% free e-Newsletter geared toward helping you build & preserve wealth.
To join just enter your first name and primary email address below.
DOCUMENTARY: MILLENNIALS & DEBT
The average American millennial has an $8,000 net worth and is delaying life milestones because of student, credit card, and auto loan debt. Most of you still rely on your parents for money.
Millennials are plagued by financial problems that baby boomers didn't have to face at their age. From saving to spending and financial behaviors in between, here's what life is like as the average millennial
Documentary: Millennials & Debt - No Room to Maneuver. Consumer debt has been a popular topic in the News over the past few years. Because of this we know Millennials are carrying more debt than ever, effective driving up the debt-to-income ratio. But what else is happening that we aren’t seeing?
RECENT BLOG POSTS
It's Not How You React To The Coming Economic Crisis... It's How You Respond
Millennials are already in debt and without savings. After the next downturn, they’ll be in even bigger trouble.
Recessions are never good for anyone. A collapsing economy means miserable financial, emotional, and physical-health consequences for everyone. But the next one—if it happens, when it starts happening—stands to hit your generation particularly hard.
Millennials got hammered in the last downturn, have struggled in the recovery, and are now left more vulnerable than ever. As you pitch toward middle age, you are failing to make it to the middle class, and as a result are ending up worse off than your parents. If it's not you now... the next collapse might make sure of it.
A big part of the American dream is that each generation will do better than the one that preceded it. That has been part of what's supposed to make this country special and distinctive. As of now, we're not living up to that commitment.
It's time to get an education.
I'm being serious. Unless you want to continue down the same path of working pay check to pay check and not having enough money to retire, then it's time to start educating yourself.
If you have not already done so, you can start by joining our free e-newsletter. Put in your first name and email address above.
You'll also want to check out our blog. We post valuable and insightful information to help you build, protect, and preserve your wealth.
You know an economic crisis is coming. You can feel it. It surrounds you every day. Yet you still choose to ignore it. Maybe you'll deal with it when it happens. Well I've got news for you... it will be way too late.
A generation of stagnant wages and rising costs for basics like housing, child care, and education have forced American families to take on more debt than ever before. The student debt load has more than quadrupled since our parents went to school. American credit card debt is at staggering highs. Auto loan debt is the highest it has ever been since we started tracking it nearly 20 years ago, and a record 7 million Americans are behind on their auto loans. Not to mention mortgage debt is through the roof. 71 million American adults already have debts in collection. While you may be able to afford these debt payments now, an increase in interest rates or a slowdown in income could plunge families over a cliff.
It all sound pretty grim. But wait... there is more.
Throw in a pandemic that is accelerating fiat paper printing, massive debt to cover expenses, then you have a recipe for disaster.
The warning lights are flashing. Whether it’s this year or next year, the odds of another economic collapse are high — and growing.
And when it does fall apart... do you want to be in now when you can still do something about it? Or would you prefer to jump in when everyone else is trying to save their life savings?
The Morgan Millennial Minute is brought to you by The Morgan Report.
The Morgan Report's world-class analysts and publication help you build and secure your wealth. Whether you’re new to investing or a seasoned professional, our independent and detailed analysts of these markets offer you a huge advantage when it comes to building and securing your wealth.
The truth is that unless you get private insights and analysis as to what is "really happening" in the markets, the ability to build and preserve your wealth is diminished. You will always have an edge over the average resource investor because of my inside knowledge of the industry. You will know when a certain sector, such as energy metals, becomes hot. We'll also tell you what to buy and what to avoid, where the big brokerage houses are placing money and if that matches what the public is being told.
When you truly understand the drivers behind the economy and financial markets, you can have greater control of your life and your finances. As a member of The Morgan Report you will know precisely how to navigate these markets, protect your wealth and quite become rich.
Let my passion create your wealth.
David Morgan
© 2024 by The Morgan Report | David Morgan ::: Privacy Policy & Disclaimer