Study: The Average Millennial Achieves Financial Independence at This Age

Study: The Average Millennial Achieves Financial Independence at This Age

Abstract

This research digs into the nitty-gritty of millennial financial independence and explore the many ways in which this generation is -- or is not -- able to reach this important the financial independence.

In the face of challenging economic conditions that include lagging wage inflation and sky-high rents, millennials are living a particularly expensive existence on many fronts -- and that’s not to mention that many of them have no retirement savings. That’s where mom and dad come in.

Full content of the publication

Tags

Financial Health Financial Independece Millennials

Authors

The Ascent Staff

Additional Information

Date published

22/03/2019

Document Type

Research

Geographies

Global

Target

General

Pages

1

Related publications

3 February 2020

Financial Literacy in Italy: What works among millennials most?

The research aim is to investigate the relationship between financial literacy and behavior in the face of the growing c...

27 January 2020

Financial well-being of the millennial generation: an in-depth analysis of its drivers and implications

This paper provides an in-depth empirical analysis of the factors that contribute to the financial well-being of Millenn...

17 December 2019

TD Financial Health Index

In 2019, TD commissioned a national survey for the purpose of assessing overall “financial health” in Canada.