The Case for Personal Financial Education in Schools: Part 7

Millennials Don’t Seek Professional Financial Help

Although the majority of Millennials have inadequate financial knowledge, they are not consulting financial professionals to compensate for that deficit.

Case in point:

• Only 27% had sought professional financial advice on savings and investments within the past five years

• Only 12% had sought professional advice on debt management.

If Millennials don’t ask for help, their financial problems could extend or worsen in the future.