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 for free

  • 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

Partner Insight: Can advisers help narrow the gender wealth gap?

Partner Insight: Can advisers help narrow the gender wealth gap?

There are plenty of ways the advice industry can help women on their financial journeys and alleviate some of the disadvantages of those gaps.

Sarka Halas
clock 18 December 2024 • 2 min read
Partner Insight: How to prepare your clients for the great wealth transfer

Partner Insight: How to prepare your clients for the great wealth transfer

Financial advisers are facing significant complexity in their planning for clients amid the generational wealth transfer that is coming.

Sarka Halas
clock 11 December 2024 • 2 min read
Partner Insight: How to talk to clients about approaching retirement

Partner Insight: How to talk to clients about approaching retirement

From how much clients should be saving towards retirement, to dipping into pension pot, tax implications and more, Lisa Conway-Hughes, chartered financial adviser at LCH Wealth answers our questions on retirement planning.

Sarka Halas
clock 05 December 2024 • 1 min read