Proof That Millennials Don’t Understand How Debt Works
A George Washington University poll determined that 69% of Millennials believe they’re financially literate, but only a quarter of Millennials actually are. What’s their biggest obstacle? Debt. Two-thirds of Millennials have at least one form of long-term debt like a mortgage, car loan, or student loan. Thirty percent have multiple long-term debts, and more than…