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Financially Well

Kevin Mahoney, CFP®

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Why Millennials May Think About Money Differently Than Our Parents

• 13 min

Will our generation think differently about money in the years ahead? The "Great Recession" that started in 2007 seemed to highlight that Millennials face different financial realities than our parents. More recently, the pandemic and high inflation may have given us little choice but to approach our personal finances differently. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, will give six examples of why the narrative about Millennials and money needs an update. Stock prices, the housing market, inflation, and economic downturns will always force our hand in ways that we can't fully control. But at least one thing about personal finance will remain true for us: how we act and the choices we make often will reflect our values. We have an opportunity to completely overhaul financial narratives, policies, and options if we allow our values to dictate our responses to the financial challenges that face Millennials specifically. Welcome to Financially Well, the finance podcast for Millennials.

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