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What Millennials Need to Know About Saving & Finance

From the Show: Staying Well
Summary: Many Millennials have little to no money or are using their entire paycheck just to stay afloat.
Air Date: 1/13/14
Duration: 10
Host: Melanie Cole, MS
Guest Bio: Lindsey Pollak, Author
Lindsey Pollak is a best-selling author, keynote speaker and recognized consultant on next generation career and workplace trends.

She has more than a decade of experience advising both young professionals and organizations on the changing world of work and is the author of Getting from College to Career: Your Essential Guide to Succeeding in the Real World.

Pollak's advice and opinions have appeared in such media outlets as the New York Times, Wall Street Journal, Glamour, CNN, NPR, and NBC Nightly News with Brian Williams. She appears on several "Best People to Follow on Twitter" lists, including Mashable's list of career experts to follow on Twitter and Marie Claire's 100 Twitters Every Woman Should Follow. Forbes recently named her website as one of the "Top 75 Websites for Your Career."
  • Book Title: Getting From College to Career: Your Essential Guide to Succeeding in the Real World
  • Guest Twitter Account: @LindseyPollak
What Millennials Need to Know About Saving & Finance
Millennials may know a thing or two about what's trending in the social world, but when it comes to saving and planning for the future, they often don't have a clue as to the importance behind a steady bank account.

Generation X and the rest of the world may say Millennials are lazy, narcissistic, have an itch for traveling and want to spend money any way possible.

However, most Millennials have little or no money or are using their entire paycheck just to stay afloat.

A study conducted by Financial Finesse found that 29 percent of millennial respondents figured out how much money they will need for retirement, and only 17 percent believe they are on track to retire with 80 percent of their income.

What about the rest of the millennial generation?

Author and consultant on next generation career and workplace trends, Lindsey Pollak, discusses what every Millennial needs to know about saving and finance.