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5 ways coronavirus is changing millennials’ money habits more than any other generation

While some millennials are worried about affording coronavirus treatment and screening, others are booking cheap coronavirus flights to travel.
Millennials and Gen Z are preparing to cut back on spending in the face of coronavirus.

The coronavirus pandemic has millennials and Gen Z tightening their wallets, and it’s because they still feel crippled by the Great Recession

COVID-19 is sparking recession fears, but younger generations are still scarred from the last one — they've cut back spending more than any others.
Millennials are racking up debt.

Top 25 US cities where millennials are racking up debt

While increases in debt may signal financial struggles, it may also be a sign that millennials are finally increasing their earning power.
The average American millennial prefers to spend on experiences.

Meet the average American millennial, who has an $8,000 net worth, is delaying life milestones because of student-loan debt, and still relies on paren...

The average American millennial is financially behind, facing a host of financial struggles that baby boomers didn't have to deal with.
America's middle class is struggling.

The typical US worker can no longer afford a family on a year’s salary, showing the dire state of America’s middle class

The average American now needs to work 53 weeks to afford the $54,441 living costs of a family of four. There are 52 weeks in a year.
Iliza Shlesinger says making millions has been a "slow burn."

The youngest comedian to ever win ‘Last Comic Standing’ says she’s making millions more than when she started her career — but...

Comedian Iliza Shlesinger talks about earning her first $1 million from stand-up and the 2009 Honda Civic Hybrid she still drives.
Credit-card debt in the US increased by $46 billion from the third quarter to the fourth quarter of 2019.

Americans have more credit-card debt than ever, and millennials are really struggling to pay theirs off

Millennials are facing an increasing cost of living that outpaces their income growth, contributing to an endless cycle of credit-card debt.
Millennials typically began saving at age 24, according to a new report.

Millennials started saving earlier than other generations, but they still have less wealth than their parents did at their age

Millennials began saving in their 20s, but their parents waited until their 30s. It goes to show how the Great Recession put them financially behind.
Millennial parents are stressed about money.

More than half of millennial parents said they didn’t expect kids to be so expensive, and most are pretty stressed about it

Millennials are more likely than their parents were to consider finances before having kids — but they're still in for a sticker shock.
Some high-earning millennials are oversaving for retirement.

A financial adviser says there’s a classic piece of money advice her high-earning millennial clients are too good at: saving for retirement

The danger of oversaving for retirement is that it might lead you to sacrifice short-term goals like buying a house. Here's how to tell if that's you.