I’m not just picking on Millennials. Well, maybe I am. We have all read about the financial plight of Millennials, who are not only drowning in student loan debt, but other loans and expenses as well. These loans and expenses include car payments, rents or mortgages, and credit card bills. As a Baby Boomer, who has “been there, done that,” I feel your pain; however, it is time for Millennials to focus on the road ahead and find ways to secure their financial futures. Undoubtedly, the ability of Millennials to save and invest will be met by challenges. According to a study by the National Endowment for Financial Education , “Two-thirds of Millennials have at least one long-term debt (student loan, home mortgage, car loan) …” Even more shocking, the study found that “Nearly 30% of those [Millennials] with checking accounts had overdrawn their account in the prior 12 months… [and]… nearly 20 percent of those with a self-directed retirement account either took a loan or made a har
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