Millennial women are poised to take on financial independence as no other generation has been able to. Financial independence is a lifelong journey. In order to capitalize, Millennial women need to prioritize saving and investing their money.
A model is seen backstage ahead of the Prabal Gurung show during the Mercedes-Benz Fashion WeekIn late 2015, a new fashion trend hit: designer t-shirts emblazoned with the phrase “The Future Is Female.” The message was on point and women of all ages, especially those in their 20s and 30s embraced them.
“Millennial women have more freedom with their finances than past generations ever did,” says Misty Lynch, a John Hancock financial advisor consulting for Twine’s Savings and Investing app. “A married woman couldn’t even get her own credit card before 1975 without permission, and single women didn’t have it much easier when it came to financial independence.”A look at recent data regarding Millennial women finds that they are enjoying opportunities unavailable to women before them.
All of this puts them in a different financial situation than previous generations. While the wind may be at their back, it is important that Millennial women have a clear understanding of what they need to do to maximize their financial lives, including taking their weaknesses head on. the financial behavior of young women ages 19-36. Forty-five percent of women surveyed said that when they set a financial goal they are motivated to achieve it. Goal orientation is key in amassing wealth as financial independence is a slow progressive journey.
Without having clear financial goals, the disparity over a lifetime versus their male peers can cost them hundreds of thousands of dollars.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Renewal of Violence Against Women Act blocked by NRA - Women’s Media CenterThe United States has not had a working Violence Against Women Act since February, when VAWA lapsed during a rush to pass legislation to (unsuccessfully) avoid a partial government shutdown. And now, while the House has already passed a version of the act earlier this year, the Senate is refusing to take up the bill because of pressure from the National Rifle Association.
Read more »
Fiona Hill left a legacy for angry women during impeachment hearingFiona Hill said this week that her only agenda was to serve as a fact witness for the House Intelligence Committee. But as the hearings fade into history, Hill's legacy will be that of a woman who called out a dais full of powerful men for spouting fiction and suggested they ought to pay more attention when a woman shows anger, instead of brushing it off as an emotional reaction.
Read more »
Thousands protest in Paris against domestic violence after 130 women reported killedSeveral thousand protesters marched through Paris on Saturday to demand a national wake-up call and more government investment to prevent deadly domestic violence against women.
Read more »
‘Fat Front’ and the Battle for Plus-Size Women: ‘We Need to Love Ourselves’Making its international premiere in the Frontlight section, Danish doc “Fat Front” came to IDFA with a fair amount of buzz from its Scandinavian homeland, where it debuted in October. Directed by …
Read more »
The Best Raincoats for Women on Amazon, According to Hyperenthusiastic Reviewers“You can roll it up super small in your suitcase when travelling or even scrunch it up and carry it in your purse”
Read more »
19 Things Women Between The Ages Of 34–39 Struggled With As A KidAdmit it, that musical ballerina jewelry box you had was creepy. H/T r/nostalgia
Read more »