Insight

Lifestyle

/ 1 year ago /

 Article by Brenda Wong

#DebutTalk Live Twitter Chat Recap: Millennials and Money

Often, millennials are labelled ‘entitled’, yet we’re the generation least likely to own a house of our own. The National Housing Federation has stated that you’d need an income of almost £130,000 a year to afford a mortgage on the average home. With the mean salary in London hovering steadily at £34,000 a year, this, err, doesn’t bode well.Which brings us on to the topic of our last #DebutTalk: Millennials and Money.

Talking about money isn’t just about discussing the best money management tips. Our #DebutTalk participants dived deep this week, talking about their money insecurities, challenges, and what they think the future of finance will look like. Let’s take a look at the best insights:

Q1. What is the biggest money challenge for millennials?

millennials and money

Q2. Would you rather spend money on experiences or things?

millennials and money

Q3. Have you ever used ‘alternative banks’ like Monzo, Loot or Atom Bank?

millennials and money

Q4. How ‘clued up’ do you feel you are about your finances? Did you get enough information at school/university?

millennials and money

Q5. Does the state of your finances ever affect your mental health or relationships with other people? 

millennials and money

Q6. What is the best piece of money management advice you’ve ever heard? 

millennials and money

The next #DebutTalk is on Company Culture, and will be guest-hosted by FDM Group. See you there!

 

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