Millennials: The Balancing Act
Millennials have had a rough financial run — and still, they’re showing resilience like no other generation.
Between student loans, expensive housing, and wages that haven’t quite caught up to inflation, it’s no wonder their credit card balances have climbed too. But unlike previous generations, Millennials are approaching debt with more strategy.
They’re using apps to track spending, paying attention to credit scores, and side hustling their way toward freedom. The issue? Life keeps getting more expensive, and one unexpected bill can still throw things off balance.
In 2025, many Millennials are finding themselves in that gray area — earning better, but spending more too. Travel, weddings, kids, mortgages, and lifestyle creep all add up fast.
Smart move for Millennials:
Pick your repayment strategy and stick to it. Whether it’s the snowball method (paying off the smallest debt first) or the avalanche method (tackling the highest interest rates first), having a system gives you control — and clarity.
And if you’re saving for “someday,” remember: paying off a 20% interest card balance is the same as getting a guaranteed 20% return on your money.
