Facebook, Millennials and Money (Infographic)

Facebook IQ examined the complicated relationships between millennials, money and financial institutions in its latest study.

Facebook IQ examined the complicated relationships between millennials, money and financial institutions in its latest study.

Among the findings reported by the social network’s research arm:

  • Millennials are saving for futures that they haven’t planned yet: 86 percent of respondents said saving was important to them, and 85 percent actually do so each month, but most of them could not specify what they were saving for, and only one-half had actual financial plans.
  • Millennials don’t feel that their banks understand them: 44 percent of respondents believed that their banks did not understand them, while only 32 percent believe their banks do understand them.
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