FINANCIAL AND LIFESTYLE CHANGES — REALITIES FACING YOUNGER GENERATIONS

Members of the Silent Generation, Baby Boomers and some of Generation X may now reflect on their life course and say “back in my day” when sharing financial wisdom with their family’s youth. However, many people may not be aware of how much things have changed, thereby presenting a barrier to achieving common goals such as education, housing and having a family. Individuals in Generations Y (Millennials) and Z may be hit harder financially than those before them. Also, lifestyle goals and other accomplishments may take longer as individuals need more time to establish themselves. Here are a few reasons why.

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