- Real Estate News
- REALTOR Marketing
- Mortgage Rates
- Home Value News
- Real Estate Training
- REO Properties
- Luxury Real Estate
- Foreclosure Process
- Real Estate Consultants
- Real Estate Trends
- Real Estate Information
- Real Estate Technology
- Homeowner News
- Top 5 in Real Estate
- Best Practices
- Business Outlook
- Sales & Marketing
- Technology
- Coaching & Training
Real Estate Hot Topics
Profit Center: Real Estate Tips, Training & Events
RISMedia Solutions
RISMedia on the Go
Today's Featured Listing
Money and Finances Are Young Adults’ Biggest Concerns
RISMEDIA, November 2, 2009—AARP’s LifeTuner initiative recently released a survey that demonstrates how financial concerns are pervasive in every aspect of young adults’ lives and suggests that a general reluctance to discuss money with friends and family could have a negative impact on their financial futures. The report, entitled “Personal Finances: The Final Frontier of Social Media,” is based on a national survey of 1,002 young adults (aged 18-34).
Specifically, the report revealed:
-57% of young Americans consider their financial situation to be the biggest concern in their lives.
-66% rate their own financial situation as fair to poor and almost half (43%) expressed concerns about their ability to make sound financial decisions.
-Nearly eight out of ten young people (78%) have debt of some kind. Credit card debt (36%) – considered “bad debt” by most financial experts is by far the most prevalent form.
-68% of respondents admit that finances have caused stress in a relationship or friendship.
-While in many cases social media sites (e.g. Facebook) have lowered or eradicated the social boundaries around certain topics, finances remain a taboo subject. In fact, people are more likely to discuss relationship status (61%), politics (43%), their health (23%) and their weight (20%) than their financial situation.
-Among those young adults who have sought advice online, 85% report being more confident about their ability to manage their finances.
“The findings of this report perfectly illustrate the reasons why LifeTuner was created,” said Diane Ty, AARP senior vice president. “We worked closely with over 400 young adults who helped us shape the vision and content of LifeTuner. Our aim is to demonstrate to young adults that many of the financial decisions made in their 20s and 30s, particularly those around saving for the future and avoiding harmful debt, can affect the rest of their lives.”
For more information, visit www.LifeTuner.org.
Looking for fresh, daily content for your blog, newsletter or website? REsource Real Estate Content Solutions provides access to thousands of RISMedia articles and videos starting as little as $9.95 per month! Visit resource.rismedia.com now and get publishing today!
RISMedia welcomes your comments and questions. Email realestatemagazinefeedback@rismedia.com.
Copyright© 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
