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Here are five mistakes millennials are making with their money in the Trump economy

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Summary
Nutrition label

72% Informative

Many millennials are overcompensating by traveling too much or overleveraging Buy Now , Pay Later (BNPL) platforms.

Many millennials don’t have a solid emergency fund, which could help prevent financial distress.

Millennials need to shift from chasing returns to building resilient portfolios.

Over 1 in 5 Americans have no emergency savings, according to Empower .

GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories.

You can find more coverage of this topic on GOBanksRates.com.

VR Score

72

Informative language

73

Neutral language

62

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

7

https://www.gobankingrates.com/money/economy/dangerous-assumptions-you-should-not-make-about-trumps-economy/?hyperlink_type=manual&utm_term=incontent_link_3&utm_campaign=1304193&utm_source=yahoo.com&utm_content=4&utm_medium=rsshttps://www.gobankingrates.com/taxes/tax-laws/trump-wants-to-eliminate-income-taxes-ways-this-could-impact-your-salary-2025/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1304193&utm_source=yahoo.com&utm_content=6&utm_medium=rsshttps://www.gobankingrates.com/money/economy/trump-isnt-ruling-out-recession-this-year-what-could-that-mean-for-your-wallet/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1304193&utm_source=yahoo.com&utm_content=2&utm_medium=rsshttps://www.gobankingrates.com/money/financial-planning/financial-planner-things-to-consider-when-pursuing-american-dream-2025/?hyperlink_type=manual&utm_term=incontent_link_5&utm_campaign=1304193&utm_source=yahoo.com&utm_content=7&utm_medium=rsshttps://www.gobankingrates.com/money/financial-planning/financial-planning-guide/?hyperlink_type=manual&utm_term=incontent_link_1&utm_campaign=1304193&utm_source=yahoo.com&utm_content=1&utm_medium=rsshttps://www.gobankingrates.com/taxes/tax-laws/tax-loopholes-the-rich-use-to-pay-less-and-build-more-wealth/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1304193&utm_source=yahoo.com&utm_content=3&utm_medium=rsshttps://www.gobankingrates.com/saving-money/food/how-eat-now-pay-later-could-sneakily-affect-paycheck-before-you-even-get-it/?hyperlink_type=manual&utm_term=incontent_link_4&utm_campaign=1304193&utm_source=yahoo.com&utm_content=5&utm_medium=rss

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