Typical characteristics used to describe Millennials are as follow: short attention span, reluctance to leave the nest, and need for immediate gratification. Other descriptions include words such as disengaged, lazy, and narcissistic. What can I say, we’re a charming bunch.
But according to a survey produced by USB in 2014, the Millennials are cost-conscious as well. As reported by the Guardian, Emily Pachuta said the Millennials are very conservative when it comes to managing their money.
“They are becoming a generation of savers, having been frightened watching what has happened to their parents during the Great Recession,” Pachuta added. It hasn’t helped that their own generation has struggled with job security issues. If you’re under 30, you’re twice as likely to be unemployed as you were before the 2008 financial crisis.