Millennials will make up 75% of the work force by 2025, and $30 trillion in wealth may pass down to them, according to projections by Wells Fargo Asset Management. However, the firm also found that many in that group are still financially dependent and are seeking help to overcome anxieties about money.
A recent survey by Wells Fargo found the Millennial generation’s top 3 financial intimidators include saving for the future, knowing how to invest money and sticking to a budget. However, 77% lack a financial adviser. Of this group, 39% said they wanted one.
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