Money mistakes and successes of millennial parents | The Citizen

Just like any other generation, millennials also make money mistakes, but they also have money successes. And for an age group that was once unfairly dubbed the most narcissistic generation of all time, they have shown that they are actually pretty good parents too.

“Naturally, this access to information results in more informed and therefore more empowered individuals and in turn this affects their relationship with money and what their children learn about money.”She says that there are a number of things that millennial parents do better than previous generations when it comes to how they approach their finances and what they teach their children, whether they realise it or not.

“Teach them how to save and how to research which instruments are best for saving, helping them set and achieve financial goals.”More than any previous generations, millennials believe in the importance of work-life balance and demand more flexibility in their jobs than previous generations. “This attitude teaches their children that money is not everything and that true wealth is measured by more than just the money in your bank account.”

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