Breaking Down the Money Struggles of Millennials

In this video, we dive into the financial challenges faced by millennials and discuss the reasons behind their high debt loads, including the rising cost of post-secondary education, high-cost loans, and credit card debt. We also explore the impact of the buy now, pay later trend, and the rise of subprime lending on millennial debt.

It's important to understand these challenges and provide solutions to help millennials get back on track financially. This video aims to shed light on the issue and provide insight into what can be done to address it. Remember, millennials, it's not your fault. But it's time to take control of your finances and make a plan to tackle your debt.

[AwesomeCanadianHomes]

I think a lot get mind tricked as employees. Because an employer markets job offers in gross. Say $50, 000 a year with benefits. They accept the offer and then start spending like they have $50, 000 cash but in reality, it's only $36, 000 a year cash after payroll deductions, and "benefits" come off their pay too. Their rent is $2, 000 a month if they live alone they might have maybe $1, 000 net left each month for all other living expenses. They see subscriptions for $9.99 a month but that is really $11.29, they get a car loan advertised payment installments don't include interest and everything adds up way past the visuals feed to them in marketing tactics.