NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, June 10, 2019

Surely, you’ve heard that Millennials get a bad reputation with stereotypes such as being entitled, self-centered, spoiled, and lazy. However, all those stereotypical statements fail to acknowledge that Millennials as a whole generation include incredibly bright and ambitious people.

Despite their reputation for laziness, most of them work hard and feel strongly about wanting their work to be meaningful and bring huge returns. In fact, the self-centered accusation couldn’t be more wrong as studies show that Millennials tend to invest in organizations and causes that prioritize the greater good more than any other previous generation before them. All those assumptions have been born by the tension created between the generations due to the way things used to be and the way Millennials are doing them.

Here’s what motivates Millennials when it comes to finances, what are their priorities when choosing investments, and how their saving and investing habits differ from older generations.

Photo courtesy of Pexels.