4 OF THE BIGGEST FINANCIAL PROBLEMS FOR MILLENNIALS


4 OF THE BIGGEST FINANCIAL PROBLEMS FOR MILLENNIALS – AND HOW THEY ARE COPING WITH THEM

If you are a Millennial, odds are you are struggling on one or more financial fronts. Millennials, defined as those born between 1981 and 1996, face a number of financial obstacles that are unique to their generation. What other generations sometimes fail to realize is that these difficulties are not caused by poor judgement or slack work habits on the part of the Millennials, but are instead the direct result of entering the workforce during or after the Great Recession.Here’s a look at four of thebiggest financial problems for Millennials, and the ways they are coping with these challenges:

Image Credit:Smart Asset

High housing prices

The price of home ownership has risen sharply for Millennials compared with past generations. The cost of buying a home has increased 73% from 1960 to 2000 (when adjusted for inflation). A report bySmart Assetfound that home prices are so much higher than average income in some cities that it can take almost a decade to save for a down payment.

How Millennials are coping:Home ownership among Millennials is at an all-time low, according toNBC News. Millennials are delaying purchasing a home, along with other life changes such as marriage and parenthood, in large part due to their financial burdens.

Image Credit:Pew Research Center

Soaring rent costs

Millennials entering the workforce face the highest rents of any generation.Zillowreports that the current average rent in the United States is $1,600, while Gen Xers paid just $850 at the same life stage, according toStudent Loan Hero.

How Millennials are coping:As a result of soaring rent costs and otherMillennial financial challenges, more young adults live at home than at any time since the 1940s, aPew Research Center Analysisfound.In 2014, 18- to 34 year olds were more likely to be living in their parents’ home than with a spouse or partner in their own household.

Image Credit:Business Insider

Crushing cost of a college education

The cost of attending a 4-year private college has more than doubled over the past 30 years, according to the College Board. Costs at public institutions have increased even more, more than tripling from 1988 to 2018.

How Millennials are coping:The high cost of college has left many Millennials with a steep burden of student loans.Business Insiderreports that Millennials who took student loans graduate with more than $17,000 in student loan debt on average. Graduates in the Northeast tend to carry even more debt, averaging as much as $27,000 in student loans.

Image Credit:GoBankingRates

Looming Social Security deficits

Social Security benefits for Millennials are expected to be just 75% of what retirees are paid now. If funding decreases occur as predicted, the average monthly payment in 31 years would be just $1,908. This would leave Millennial retirees so close to the poverty level they may be unable to pay the basic costs of living unless they have their own savings.

How Millennials are coping:Six out of 10 working Millennials have already begun saving for retirement, according to a report byWells Fargo. Millennials will need to save significantly more than workers in past generations, however.Timereports that with inflation rates of 2% per year, $1 million in retirement savings will be worth just $453,000 in today’s dollars and buy less than $2,500 of monthly income for life.

There is some good news when it comes toMillennials and personal finance. Because of compound interest, a Millennial who starts saving 15% of annual income at age 25 will have enough to retire by age 67.If you are a Millennial who would like some help dealing with the financial challenges you face, reach out to financial advisor Matt Logan atwww.MattLoganInc.comor call at (336) 540-9700. We can help you devise a livable financial plan that will allow you to meet your financial goals, including paying off debt and saving for a down payment, while still saving for retirement.

Matt Logan is a Representative with Matt Logan Inc and Summit Brokerage and may be reached athttp://www.mattloganinc.com/, 336-540-9700 ormatt@mattloganinc.com.

Matt Logan Inc. is an independent firm with Securities offered through Summit Brokerage Services, Inc., MemberFINRA,SIPC. Advisory services offered through Summit Financial Group Inc., a Registered Investment Advisor. Summit Brokerage Services, Inc., its affiliates and Matt Logan Inc. do not give tax or legal advice. You should consult an experienced professional regarding the tax consequences of a specific transaction. These are the views of Matt Logan Inc, and not necessarily those of Summit Brokerage Services, Inc. and any of its affiliates and should not be construed as investment advice

Underrated Concerns on Nail Salon

Underrated Concerns on Nail Salon

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In addition, it is a sensible concept to prevent a crowded salon as it can help you to steer clear of infected nail tools along with products. Many nail supply products are offered on the market therefore a wonderful salon can provide you the ideal product and tools for your nails. You might want to have fun with temporary colors first to acquire the hang of things.

It’s more efficient than plucking because it may be used in bigger areas, but still quite time-consuming. It’s a refreshing massage for those toes. Should you be lacking the appropriate nutrition, your skin isn’t going to appear healthy.

Skin care creams are also employed for products which cater to skin disorders particularly for disorders that need the application of product on a modest localised place. Nail disorders have become more of a problem for a growing number of individuals nowadays. In addition, some healthcare treatments for illnesses may cause muscle loss because of dietary restrictions, medications, or both.

Nail Salon: the Ultimate Convenience!

Or if there’s something which you know they want at a particular place you could receive a larger amount for that specific store. Everybody wants to seem beautiful and want to grab the catch light always. Still another good customized gift you may consider presenting is a really warm blanket for two.

Many times, salons utilize harsh chemicals that aren’t designed for use on the body. To begin with, the fungus which causes athlete’s foot is a sort of ringworm. Real all-natural skincare begins with the products you select for your skin.

Characteristics of Nail Salon

Starting from scratch is the tough thing to do, but it’s the least expensive out-of-pocket cost, compared with buying an existent shop and its client list. Every time a regular, inexpensive yarn is in both dollar or under range, it’s hard not to come to an end and jump on such an excellent price. It is definitely worth checking out whether you want the extra money to create the purchase happen.

The Chronicles of Nail Salon

You’ll be able to work on your own hours, and you may work in somebody’s salon or you could open your own. Inside this event of course you don’t need to redesign it every time as you already understand what it appears like and the best way to do it. Normally, patients can go back to their typical activities within fourteen days of the browlift.

If you change colors, be certain to provide hair a while to avoid one particular color interfering with another. If you have some concerns you will only have the ability to paint your nails on a single hand and not the other used this as a chance to practice to your non-dominate hand. Some permanent epilation electrolysis actually must be put into the pore where the hair exits the epidermis and this not only needs a skilled. however, it is painful regardless of what you’ve been told.

How to Choose Nail Salon

Such an art is a huge conversation starter, and should you find you’re good at that, you merely might be able to earn some excess money creating cool freehand fingernail art for your buddies! There are lots of brown tones that work nicely with green eyes. If you select permanent hair color be sure to select a color that is suitable for your taste, complexion and features.

The Basics of Nail Salon

There are plenty of great strategies to add art to your nails which don’t need much art skill. It’s also advisable to get a notion of a number of the features they have. At your very first committee meeting, you’ll need to assign a man or woman to cause the spreadsheet.

Where to discover and find the additional money needed is part of the issue solving that is needed when purchasing a business enterprise. A helping hand in this step may be necessary. You are able to maintain them to seem nice and avoid any issues.

Finding the best one will take a while and due diligence only with the correct amount of patience you can locate the perfect one that is going to fit your company perfectly. There’s absolutely no one better to market your company. Print advertising is an ideal opportunity to attain new customers with information regarding your merchandise.

Terms from the present owner will be contingent on many factors. For those who have willing relatives, you may want to think about a group canvassing effort to wealthy, un-gated communities close to your area.

What is Truly Going on with Nail Salon

Konad or airbrush nail art are different methods to become professional nails. If you have more colors, apply each 1 continually.one drop at one time inside the prior nail polish. After you’ve bought your false nails, make sure to take care of those.

Thus, you desire a fish pedicure. Stop in at any expert nail salon and you probably will find China Glaze products used. The fungus leads to the nails to develop into inflamed, brittle and horribly discolored.

For a French Manicure without acrylic ideas, prices usually vary from $10-$15. If not you will need to come to an end and get one. How a number of you are attentive to the simple fact that Nails Scottsdale is simply wonderful.

The Lost Secret of Nail Salon

Feature what’s new at your organization in your ads to raise the variety of appointments you’ve got on the books. Then getting the client to spend more at each visit wouldn’t be difficult to do! You could be too if you sell your services and products online.

Most of all, keep in mind that creating this look does not need to mean spending lots of money. The very first obvious advantage of shared ownership is acquisition price. Even if it is simply a small company and you merely have limited budget for the marketing, it’s important you take it rather seriously.

Evidently it’s still an extremely viable option a lot of women use to neutralize unwanted facial hair. Some men will even admit to getting a manicure free of shame. Girls of this age have a tendency to have a lot of care by using their look. Check out[dcl=6322]

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