Thursday, January 14, 2016

Where Millennials Go for Financial Advice

Scarred by the Great Recession and laden with student debt, few millennials are in the mood, or in a position, to seek out a traditional financial adviser. But they need financial advice just the same.

Hence the arrival of new and unconventional approaches that try to help 20- and 30-somethings start saving and investing. These range from largely free or inexpensive services offered by financial-services providers—including those the hipsters have tended to shun—to podcasts and blog posts hosted and written by financially savvy young people working hard to win over a generation of skeptics.

Twentysomethings are “still going somewhere for the information,” says Stefanie O’Connell, 29, whose blog posts about personal finance from her perspective as a young actress getting by in New York led her to a book-publishing deal earlier this year. Ms. O’Connell has blogged for Northwestern Mutual, Barclaycard and hosted a “Millennials & Money Trivia Night” for Capital One.

SO where are they going and what kind of advice are they seeking?  Read the entire article here courtesy of The Wall Street Journal to find out.  

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