Whatever you believe about the millennial generations, one thing that they don’t lack is a confidence in their own abilities. According to a recent study:
Millennials expect to make it big some day, with more than half reporting that they believe they will eventually become millionaires.
While it is true that there have been several success stories of millennials making millions, such as Mark Zuckerburg and Snapchat co-founder Evan Spiegel, it seems foolishly optimistic of this group to believe that the millions of dollars they desire is a simple app or invention away.
There is something to be said for this generation to believe that success is right around the corner. This despite the fact that millennials hold a huge amount of student loan debt and 17 percent of them stated that they still receive financial assistance from parents.
Other details emerging from this study is the fact that millennials believe that they will be able to retire at age 56. A worthy goal to be sure but an additional problem was discovered: they don’t expect to start saving for that goal at age 36. It’s hard to wrap my head around saving for retirement in only twenty years and been financially secure through that time.
But hey, it doesn’t hurt to aspire to be successful.