The Financial Capability of Young Adults – A Generational View
Prepared by the FINRA Investor Education Foundation, this study explores the financial capability of millennials relative to other generations and examines differences in financial capability among various demographic groups within the millennial generation.
The study finds that in the wake of the Great Recession millennials are struggling financially — but it is millennial households with dependents that are struggling the most. It is based on data from the 2012 National Financial Capability Study. (Released 2014)