According to banking executive Kevin Tynan, bankers may be wasting their time worrying about the cash-strapped millennial generation. Millennials don’t spend enough to be profitable and they’re more likely to change banks if they find one they like better.
I’m turning 30 in a few weeks and, according to some personal finance experts, I’ve only completed a fraction of the financial moves I’m supposed to have made by now.
When I turned 27 last fall, one of the first things my baby boomer father said to me over the phone was something like, “27 … huh … that’s old.” He sounded surprised, as if he couldn’t believe that his youngest daughter was just a few years away from turning 30.
However, there was something else unspoken, too. I may be closer to 30 than to 20, but I’m nowhere near achieving the financial milestones my parents had attained when they were my age.