What are Millennials? The Millennial generation is usually defined by individuals born between the early 1980s to the mid-1990s or early 2000s. The generation was severely impacted by the recession, as it caused record unemployment, affecting young people joining the workplace, as well as a period of economic instability. Millennials face many challenges when it comes to personal finances: • Millennials have taken on at least 300% more student debt than their parents’ generation. (Source: The College Board, Trends in Student Aid 2013. Calculations based on average per-student borrowing in 1980 and 2010.) • They are about 1/2 as likely to own a home as young adults were in 1975 (Source: U.S. Census, young adults ages 24-35.) • Based on current trends, many Millennials won’t be able to retire until age 75 (Source: Projection for the class of 2015 based on a NerdWallet analysis of federal data.) But one thing that is true of Millennials, Gen X’ers and Baby Boomers alike – understanding and taking ownership of personal finances reduces stress and improves many areas within their personal and professional lives. Our seminars speak to all ages and stages of wealth accumulation, but one of the biggest benefits of the MME program is our Personal Education Sessions. This is a chance when employees have the opportunity to sit down, one-on-one with a professional Financial Adviser and ask any questions they make have about their personal financial situation.