At my new employer, I work with a lot of millennials.
And the ones that I work with are pretty bright people. A lot of them are pretty financially astute too. I learned a lot of about Robo-financial advisers from some of them.
A lot of them are doing just fine financially. What’s amazing is a lot of these millennials are driven to run their own thing. A lot of these guys I work with are engineers during the normal hours and have a their own business they run off hours. A group of guys own a successful auto shop, another guy runs a marketing company, and there’s a few folks that run a media transcoding company.
Most of them, even the ones that are just POE (plain old engineers) , have bought homes. Some more than one. Some already own free and clear in North County.
I think the concern of our younger generation being doomed is overblown. They’ll be fine, or at least a good portion of them. The rest, well personal choices maybe not so fine, but that’s no different from any other generation.
I think the pattern I’ve seen with most of the more successful ones are all the same… Reasonable education, strong work ethics, and good money management skills instilled from their parents and a no-excuses why I can’t do something.
I guess what type of career you have will also bias you in the type of milenials you see.
