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Millennials are earning a decent income, but many financial factors keep them from flourishing. Find out which states offer the best opportunities for this generation to thrive.
Millennials claim a large chunk of consumer purchasing power, but they aren’t quite as well off as their baby boomer predecessors when it comes to financial stability.
Employed millennials are earning a decent wage, but factors such as college debt, cost of living and health care are stifling their opportunities for building a robust savings or retirement plan.
Many even turn to a side hustle to make ends meet or live more comfortably. However, even with the extra income, this generation’s retirement outlook is not promising.
WalletHub recently released its list of the “Best and Worst States for Millennials” to help these ambitious but financially strapped citizens decide the states and territories, including Washington, D.C., where they have the best chance at a comfortable life.
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