Millennials today are positioning themselves to be in betterfinancial shape than their older counterparts, according to anAllianz Life survey released Tuesday.
At the same time, the siren call of social media could undermine their best intentions, thestudy found.
As evidence of what Allianz Life called “millennials' financialAchilles' heel,” 55% said they had experienced a fear of missingout (FOMO), and 57% reported unplanned spending because ofsomething they had seen on their social media feeds.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
