millennials

Millennials have it tough financially, but what about their children?

It is well documented that when it comes to personal finances, the millennial generation (to which I belong) are worse off than their parents. However, some older readers of the babyboomer generation may vehemently disagree and point out they were simply shrewder savers. They also faced the challenges of interest rates hitting double-digit territory in 1988 and remaining at such levels until late 1992; moreover, over the past decade savings rates have been cut to the bone.