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Plague of the Millennials by Danielle Wake Forest May 14, 2015 29. views. 29. views. comments. I know too much about you. I can tell you where you were born, where you grew up, who you are friends with, what you did last weekend, and who was there. I can tell you what you like to do.

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Statistics reveal that nearly 75% of millennials, between the ages of 18 and 24, have less than $1,000 in their savings account. Those between 25 and 34 aren’t doing much better. Collectively, they owe more than $1 trillion in debt and accept financial help from parents even after moving out on their own.

The single biggest challenge millennials face on Long Island is being unable to purchase homes due to student loan debt and wages that have not kept up with inflation. The burden of carrying tens of thousands of dollars in student loan can never be overstated.

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Financial challenges Millennials face and how to beat them. Hardships that our parents and grandparents would suffer have evaporated away. Only to be replaced by new challenges. That means that some things that worked in the past are no longer quite as effective. We need to update the tools we use to build our financial future.