{"id":23862,"date":"2019-02-04T12:38:31","date_gmt":"2019-02-04T17:38:31","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=23862"},"modified":"2020-01-03T14:42:50","modified_gmt":"2020-01-03T19:42:50","slug":"millennials-money-insights-from-an-often-overlooked-community","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/millennials-money-insights-from-an-often-overlooked-community\/","title":{"rendered":"Millennials & Money: Insights from an Often Overlooked Community"},"content":{"rendered":"
>> Back to February 2019<\/a><\/div>\n

\"\"Millennials are receiving quite the attention from the media. We are often characterized as lazy and entitled. What I find to be true is that our generation has little trust in large institutions \u2014 from governmental offices to our large banks and financial institutions. We are steeped in our values and want our money aligned with our desires for a more sustainable planet. We are poised to catalyze big shifts in how financial services operate. What has yet to be adequately covered are the ways many millennials are left out and marginalized from our financial systems.<\/p>\n

Making Do<\/h2>\n

Growing up in a low-income immigrant community in Los Angeles, I witnessed and experienced first-hand this lack of financial access. In my community, most people did not have access to checking accounts or relationships with banks. They lived paycheck-to-paycheck, not earning enough to maintain an account free of monthly fees. For some, legal status required living in the shadows and that influenced their interactions with money as well.<\/p>\n

Without access to financial services, raising families in the informal economy is an uphill battle. Most of the women in my community stay home to care for their children and find ways to make extra money by engaging in entrepreneurial activities such as selling food and clothing, cutting hair, cleaning houses, providing childcare and much more.<\/p>\n

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