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NerdWallet's Smart Money Podcast

Overcoming Millennial Money Problems for Financial Wellness

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 7 September 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Discover how global events molded millennial finances, and hear ideas for addressing economic challenges and financial trauma. In this Nerdy deep dive, personal finance Nerd Tiffany Curtis joins host Sean Pyles to discuss millennial money woes, from generational financial trauma to structural challenges that have made financial life more difficult for Americans between 27 and 42 years old. They discuss the changing ways that generations are studied and explore how world events such as the financial crisis and the COVID-19 pandemic have shaped people’s financial attitudes.  Tiffany also talks with Angela Moore, certified financial planner and founder of Modern Money Education, a financial education firm. They discuss the historic and present-day factors that have shaped millennials’ relationship with money and ways that they can take ownership of their finances. They also debunk myths surrounding millennials and money, the impact of the internet on financial empowerment, how the millennial pursuit of happiness impacts their career choices, lifestyle, and relationship with money. You’ll walk away with valuable insights into the tools millennials can use to empower themselves financially, including organizing finances, setting goals, and understanding the importance of insurance and estate planning.  In their conversation, Angela and Tiffany discuss: millennials, financial behavior, modern money education, generational financial trauma, wealth inequality, financial attitudes, career choices, generational divisions, disability insurance, estate planning, money management, generational wealth, retirement planning, budgeting, and financial goals. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:29.9

If you are of a certain age, anywhere from your late 20s to your early 40s,

0:35.6

you have no doubt found yourself at some point reduced to your generational status.

0:41.3

You are a millennial.

0:44.0

And while every generation has its benefits and burdens, some also bring a specific, shall we say, attitude to the table.

0:53.7

I think that a lot of millennials are getting to the

0:57.1

point where they do not care what, you know, their parents think or anyone else for that matter,

1:03.6

they want to focus on happiness. A big theme now is my job has to be fulfilling. My job has to

1:10.0

make me happy. I have to enjoy what I'm doing to a certain extent, right? job has to be fulfilling. My job has to make me happy. I have to enjoy what I'm doing

1:12.2

to a certain extent, right? There has to be that balance to life and a lifestyle element to it.

1:36.6

Yeah. Welcome to Nerd Wallet's Smart Money podcast. I'm Sean Piles.

1:38.2

And I'm Tiffany Curtis.

1:42.5

This episode kicks off our nerdy deep dive into millennials and money.

...

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