Millennials Apparently Good With Money

TIME reports that a new survey shows that Millennials are good with their money—recognizing that they need to save and become better with their money.

One of the financial virtues of this group appears to be a slow and steady approach to building a nest egg. Roughly a third favor a long-term tried-and-true strategy, Northwestern Mutual found. Another third would like to take that approach but feel like they are too far behind to play it safe.

Millennials’ cautiousness may be a double-edged sword. Just 14% in the survey say they are pursuing a high-growth investment strategy even though such a strategy would promise superior long-term returns. This may be a case of playing it too safe. Millennials have 40 years to ride out any bumps. If their money is socked away in savings bonds and other ultra-conservative investments it won’t grow fast enough for them to retire even over a long period of time. Now is when they should embrace prudent, low-cost, diversified risk through stock index funds and similar investments.

What makes the Millennial generation so thoughtful about money?

Where Did Our Wealth Go?

Even though data from the Federal Reserve shows that Americans are carrying less credit card debt, it also shows that we're worth 40 percent less than we used to, and that more families are taking out loans to pay for college, "leaving the median level of family debt unchanged."

It Was Time to Say Peace to My Debt – And My Youth

Having it together is freaky.

Love in the Time of Consumer Debt

"He put all their bills on plastic and became the architect of the five digit consumer debt that defined his twenties."

2 Emmys (But Also $57K In Debt) But Also 2 Emmys

Sara Schaefer—of MTV’s new late-night show Nikki and Sara Live—talks about her $57,000 in debt (credit cards, some school loans, personal loans) in this episode of the PBS web series “Modern Comedian.” It is good. She is good. (“Every choice I’ve made has been with the idea that I would make it.”) (thx peter)

Yes, Let’s Talk About That Debt, Logan

Logan So last week I figured out I have $20,000 in credit card debt. Fun development in the Life-o-Logan.