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Millennials scorn financial services firms

Millennials overall dont see the advantages of putting money away for retirement, with 59 percent believing they havent seen products targeted at them.

By Marlene Y. Satter | Updated on September 15, 2014
(Image courtesy of artur84/FreeDigitalPhotos.net)

Millennials want very little – if any – part of the financial services industry. They don’t want companies connecting with them via social media and are more than twice as likely to ask parents for financial advice than they are to ask banks.

See also: Millennials savvy when considering retirement

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