5 Financial Tasks for New Grads
1. Set Up a Budget
- 68% of Americans destroy their credit before age 30, according to a 2016 Credit Karma survey. More than a quarter of these young people had to move back in with their parents to recover financially.
- Of households earning $100,000 or more per year, 40% said their spending was the same as, or more than, their income, according to a Federal Reserve report.
- 71% of millennials earning $75,000 or more annually said lifestyle purchases like dining out and entertainment caused them to save less than they should, a 2015 Suntrust survey found.