Page 3 - 26.Millennial Financial Issues Part 1.
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persons have also been faced with the issue of unemployment or
alternatively have several jobs or a side hustle to make ends meet.
3. Inability to Acquire Property – Due to contract work and low wages, it
is difficult for a single person to qualify for a mortgage to acquire a
property. Therefore many persons are left to rent or continue living with
their parents for longer than they may like.
4. Inability to Save – With low income and high debt, it is difficult to save
cash for a rainy day. Many are struggling to pay their monthly bills far
less to assign money to save. However we must be reminded that it is
better to pay ourselves first, in that we need to ensure we can take care
of ourselves in the event of an emergency.
To be continued …
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