Steve Andrews: True or false? Five millennial myths busted

Entitled, squeezed or both?

clock • 6 min read

Steve Andrews considers the much-misunderstood millennial generation's need for financial advice - digging underneath the headlines to gauge whether five common assumptions are fact or fiction

Millennials somehow pull off the feat of simultaneously being seen as the most entitled and yet the most financially squeezed generation ever. Nevertheless, they are set to receive an inheritance boom bigger than any other post-war generation. Millennials will one day become the richest generation, and they will need stringent advice on what to do with their wealth - not to mention how to keep afloat until they reach that point. So who or what is a millennial? Are they really all bearded hipsters who drink lattes from avocados and the reason we are no longer served food on regular plates...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Editor's View: The FCA's love language is acts of service...

Editor's View: The FCA's love language is acts of service...

The editor's Friday Night Takeaway from 2 June

Hope William-Smith
clock 02 June 2023 • 1 min read
Clay: "My workday usually ends when two little children descend in my office."

A day in the life of an adviser: Chester-based Frederika Clay

PA hears how advisers all across the nation structure their workdays

Hope William-Smith
clock 02 June 2023 • 5 min read
Lovesy: "I’m a real Outlook diary nerd and plan every half hour of my day."

A day in the life of an adviser: Taunton-based Rupert Lovesy

PA hears how advisers all across the nation structure their workdays

Hope William-Smith
clock 26 May 2023 • 4 min read