Despite millennials' confidence in their financial knowledge,
they want advice on three topics in particular: savings, budgeting
and credit cards.
conducted by Angus Reid Public Opinion for TD Bank, 59 percent of
those polled reported being "extremely" or "very" knowledgeable
about day-to-day banking products. Still, 26 percent of those
polled felt they needed advice on credit cards. More men than women
said they want help on the subject, by a margin of 29 percent to 23
Some 38 percent of 501 Hispanics polled wanted advice on credit
cards, making that product the group's second highest concern. The
group most wanted advice on savings (45 percent).
More millennials reported having a checking account (100
percent) or savings account (82 percent) than a credit card (72
percent). Women (68 percent) and Hispanics (64 percent) were less
likely to have a card than men as a whole (75 percent).
The TD Bank Financial Education Survey polled 2,031 Americans
ages 18-34 from Jan. 28 to Feb. 10, 2014.
Infographic: Millennials have unhealthy credit
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