Millennial women make their own financial future


first_imgAs a data scientist and millennial woman, I take a keen interest in understanding the concerns, trends and behaviors of women in my generation. Fortunately, BlackRock’s latest Global Investor Pulse survey reveals key insights about how millennial women are approaching their financial lives in today’s environment.Focused on the long term despite declining confidenceIn this year’s survey, we saw a 10-point decline in confidence among all Americans compared to what we found in our previous survey. Millennial women’s confidence fell in line with the nation’s, from 42% in 2015 to 32% in 2017. Like most Americans, millennial women are chiefly concerned about the high cost of living (64%), and they are also particularly affected by personal debt.That said, millennial women are more likely than any other group to prioritize paying off debt (54% versus 42% for all Americans) and more likely to see student debt as a relevant financial topic to them (40% versus 19% for all Americans). Although many grapple with debt and saving for near-term priorities, millennial women haven’t lost focus on their long-term financial goals. In fact, the most relevant financial topic to them is retirement planning. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more