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Study: Millennials Struggle Financially Compared to Boomers

4/9/2025

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Summary

Story summary

A University of Georgia study reveals a striking generational divide in financial knowledge and well-being. Millennials lag behind baby boomers, struggling with financial skills that could impact their future. The research suggests that customized financial programs could empower each generation, catering to their distinct challenges and life stages. This insightful study appears in the International Journal of Consumer Studies.

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Story summary

A University of Georgia study reveals a striking generational divide in financial knowledge and well-being. Millennials lag behind baby boomers, struggling with financial skills that could impact their future. The research suggests that customized financial programs could empower each generation, catering to their distinct challenges and life stages. This insightful study appears in the International Journal of Consumer Studies.