Eighty percent of Americans between 18 and 34 report they are struggling or merely surviving financially. But 72% believe they'll be thriving in five years.
Young adults are surprisingly optimistic about their own financial futures despite crushing inflation and lingering fears of recession.
The study also revealed that these adults share many of the same life goals as previous generations. The survey found that 80% have or want children and that 65% of study participants hope to be homeowners one day. Meanwhile, 2 in 3 have married or expect to in the future. "They saw parents lose their jobs and homes," Lena Haas, head of wealth management advice and solutions at Edward Jones, said. "And so I think that having that experience, really shapes the desire of this generation to create a solid financial foundation. It's not just about the money. It's about having peace of mind and security."
Nearly 70% of survey participants said they don’t have money for professional advice, but Scruggs noted that professional help is becoming more accessible. IDF video shows Israeli navy unit spraying machine gun fire at Hamas fighters 'swimming' toward coast