The Burden of the Hispanic Millennials and Young People in General
Those are the findings of a recent survey which highlights that 17% of respondents feel they are under extreme financial pressure.
According to the study released this week by TD Bank major the principal factors for this Latino generation of the new millennium are paying debts (51%), lack of funds or bad financial situation (31%) and the cost of living (7%).
The report also indicated that 60% of Latinos between the ages of 24 and 34 feel they are able to manage their finances, but have difficulty in finding financial wellness.
The survey, conducted nationwide to 1,000 young people between 24 and 34, was produced in order to determine financial preparedness for major life events. “There are many factors that can contribute to the financial stress for the generation of the new millennium,”