Encouraging News about Military, Millennials and Money
February 27th, 2015
On Wednesday, February 25, I tuned in for a webinar hosted by Navy Federal Credit Union called "Military, Millennials and Money." The forum took place at the National Press Club in Washington, DC.
As a lender who specializes in home loans for millennials, it's important I follow national trends and deliver the insights back to you.
A few highlights from the webinar:
- Millennials in the military continue to lead their peers in financial readiness (ex: ability to buy a home)
- 77 percent of all millennials surveyed by Navy Federal say they plan to save more in 2015 than 2014
- 58 percent of those same millennials believe they are on track to purchase a home
Overall, the numbers are positive and show young people are steadily gaining the confidence to make large purchases -- like a first home.
Thanks, and have a wonderful weekend!