BetterDecisions.money on KQED's Forum with Michael Krasny
Money, Financial Planning, Challenges, and Generation Y. Millennials are postponing buying a primary home residence, delaying purchasing any cars, and putting off marriage and having kids.
The issues are complex, and on today's KQED's Forum with Michael Krasny, a panel including Elizabeth May from www.betterdecisions.money, Farnoosh Torabi a financial expert and author on nerdwallet.com, and Bob Goldman from www.bgplanning.com, a fee-only financial planner, weigh in during a round table discussion and live Q&A with listeners who called in during the show and contributed questions in social media.
The discussion was nothing if not heated, and while informative, it's clear that millennials in the Bay Area are faced with financial hardships including excessive student loan debt which is not only incredibly discouraging, but also insurmountable in some cases. This may extend beyond the Bay Area in many urban areas of the United States, but is not exclusively an urban problem.
How would you weigh in below in our comments? Include one piece of financial advice or one financial question now!