Steve Andrews: True or false? Five millennial myths busted

Entitled, squeezed or both?

clock • 6 min read

Steve Andrews, head of managed services at adviser software provider Focus Solutions, considers the much-misunderstood millennial generation's need for financial advice - digging underneath the headlines to gauge whether five common assumptions are fact or fiction.

Millennials somehow pull off the feat of simultaneously being seen as the most entitled and yet the most financially squeezed generation ever. Nevertheless, they are set to receive an inheritance boom bigger than any other post-war generation. Millennials will one day become the richest generation, and they will need stringent advice on what to do with their wealth - not to mention how to keep afloat until they reach that point. So who or what is a millennial? Are they really all bearded hipsters who drink lattes from avocados and the reason we are no longer served food on regular pla...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Event Voice: Stepping out of cash into the Credit Sweet Spot

Event Voice: Stepping out of cash into the Credit Sweet Spot

Peter Marsland, Fixed Income Investment Specialist, from Aberdeen discusses the Short Dated Enhanced Income Fund at the June Fixed Income Market Focus.

Peter Marsland, Fixed Income Investment Specialist
clock 08 July 2025 • 4 min read
Investors undergo 'buyers' strike' in June sending order values to two year low

Investors undergo 'buyers' strike' in June sending order values to two year low

Middle East conflict did not deter investors

Eve Maddock-Jones
clock 08 July 2025 • 2 min read
The big questions around re-evaluating risk for the retail investment industry

The big questions around re-evaluating risk for the retail investment industry

Discussions at Global Investment Management Summit

Katrina Lloyd
clock 08 July 2025 • 8 min read
Trustpilot