Category Archives: Millennials

Post focused on the millennial generation

Article Review: Millennials: The Money-Conscious Generation?

Yes! Yes! And again I’ll say Yesssss! Forbes hit the nail on the head with this one and I appreciate the solid representation of my financial habits as a millennial.

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If I can take a moment to acknowledge this awesome statement by Emily Pachuta, head of investor insights at UBS:
“They have a Depression-era mindset largely because they experienced market volatility and job security issues very early in their careers, or watched their parents experience them, and it has had a significant impact on their attitudes and behaviors.”
She simply gets it. As a millennial, I need society, companies, family, friends and whoever else to understand that there are so many forces at play influencing how my generation operates – and financial habits are of no exception. While yes we want to live life to the fullest with no regrets, it doesn’t change the reality of massive student loan debt, the pressure to save for retirement (since social security won’t be an option :/ ), and even the basic desire of wanting to live a better life than our parents did.
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So yes, at 23 I stick to a strict budget. I save towards my 401K and take advantage of my employer’s awesome match program (because Who doesn’t want free money?!). I’m careful to not make the same financial mistakes my parents made. I hang out with friends and even take vacations to travel when its affordable.
There is a balance between living a purpose-fulfilled life while not digging yourself into a financial hole and we millennials are showing them how it’s done! Kudos Maggie McGrath for sparking the conversation. I’ve posted some highlights from the article but definitely check it out and let me know your thoughts! #MillennialMoney
Highlights:
88% of Gen Y respondents said they are pretty good at living within their means
75% of millennials track their expenses carefully (vs 64% Boomers)
67% of millennials stick to a budget (vs 55% Boomers)
40% of millennials have increased their 401(k) contributions in the past 12 months (vs 21% Boomers)
~Miss AJ
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Discover the MAC – Overview Section

For those new to the page wanting to understand what is the MAC – this post is for you!

In short description

Discover the MAC seeks to explore each element encompassing the MAC and illustrate the cross-functional relationships which exist between them.
MAC = MILLENNIALS + Marketing ANALYTICS + Multicultural CONSUMERS
In order for all my readers to be on the same page, I have created a section called The MAC that  includes 3
sub-pages – each providing a brief overview of one of the elements of the MAC.  🙂
Me & One of my Best Friends from UPenn....aka...The Quaker, our Mascot :)

Me & One of my Best Friends from UPenn….aka…The Quaker, our Mascot 🙂 Fall 2012

Let’s continue to *Spark the Conversation* Together ~ I love to read your comments/thoughts on the topics
being discussed so as always say what’s on your mind and let’s talk about it!
~ Miss AJ

Do You Know Demographics?

Let’s Spark the Conversation on Millennials!

Think you know the demographics?

Well before I share my knowledge on the subject I want to hear from you!

Choose which you believe to be most accurate.

I would love to hear your reasons for your selections so definitely leave a comment below.

I look forward to sharing the results and getting more in depth on this topic!

~ Miss AJ

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