According to a PricewaterhouseCoopers (PwC) survey of 5,500 millennials, all born between the early 1980s and mid-1990s, only 24 percent of respondents demonstrated adequate financial knowledge.
Almost 30 percent of millennials have overdrawn their checking accounts, demonstrating financial fragility, and more than 80 percent have one or more forms of long-term debt.
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Household financial burden and financial literacy survey – IEFIC
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