From Yahoo Finance: 2025-04-29 08:01:00

Many millennials face financial challenges due to the Great Recession, student loans, housing, and job prospects. Trump hints at a possible recession this year. Some rich use tax loopholes to pay less. Millennials rely on apps for savings but make mistakes in Trump’s economy. They may over-leverage Buy Now, Pay Later platforms.

Millennials are overcompensating with excessive travel and overleveraging Buy Now, Pay Later platforms. Some are defaulting on payments, indicating financial strain. Many millennials are anxious due to inflation, interest rates, and geopolitical uncertainty, leading to overspending or freezing financially. They often rely on passive tools for financial management.

Apps make investing easy for millennials but may lead to overexposure to risky assets. Inflation and rate volatility are compounding risks. Millennials should shift focus from chasing returns to building resilient portfolios with diversified assets. They need to plan actively for the current financial environment.

Many millennials pause contributions to retirement plans during market volatility, missing out on potential gains. They should not assume today’s conditions are temporary. Building habits around the new normal is crucial. Having a solid emergency fund can prevent financial distress during crises and inflation.

Skipping daily indulgences won’t secure millennials’ financial future. They need to play offense by increasing income and investing wisely. Upskilling, negotiating salaries, and building alternative income streams are essential. Moderate-risk, long-term investments like index funds and real estate platforms can help build wealth. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points. Investors are concerned about the ongoing trade tensions between the US and China, as well as the impact of rising interest rates on the economy.

2. The United Nations released a report highlighting the urgent need for global action on climate change. The report warns that without significant reductions in greenhouse gas emissions, the world will face catastrophic consequences, including rising sea levels and extreme weather events.

3. A new study found that regular exercise can significantly reduce the risk of developing Alzheimer’s disease. Researchers observed that individuals who engaged in physical activity at least three times a week were less likely to develop the neurodegenerative disorder compared to sedentary individuals.

4. The European Union announced new regulations aimed at reducing plastic pollution. The regulations include a ban on single-use plastics such as straws and cutlery, as well as requirements for member states to improve recycling and waste management practices.

5. Scientists discovered a new species of dinosaur in Argentina, named Lavocatisaurus agrioensis. The dinosaur belonged to the sauropod family and lived during the Cretaceous period. This discovery sheds light on the biodiversity of dinosaurs in South America during prehistoric times.

Read more: 5 Mistakes Millennials Are Making With Their Money in the Trump Economy