7 FinTech companies helping millennials dominate their finances this year

If you’re a millennial, you already know just how hard it is to get ahead. Student loan debt, much of which is shouldered by millennials, surged to $1.3 trillion dollars last year.

That leaves the average college graduate ages 20 – 30 with a monthly payment of $351. And let’s not forget that, as of last year, a large percentage of millennials with a college degree were stuck working low-wage, dead end jobs.

So, while many millennials are working hard to get out of debt, they struggle with low wages that make even keeping up with their bills that much harder

Of course this news is depressing, but it’s important to note that millennials do have one huge advantage. Unlike their predecessors before them, millennials have a knack for using technology to improve their finances and their lives.

And really, the younger generation isn’t one that’s ready to sit back and let life take its course. Through hard work and perseverance, today’s youth have big plans for the future – and those plans don’t include struggling with debt and underemployment forever.

7 Companies Helping Millennials Rule their Finances This Year

With the use of smartphone apps and software programs, young people have mastered the art of working smarter (not harder) and leveraging programs that make managing money easier.

Ready to learn more? Here are seven companies and products helping millennials dominate their finances this year:

1. Mint
2. Betterment
3. Haven Life
4. Personal Capital
5. Acorns
6. Money Dance
7. iQuantifi

To read more, please click on the link below…

Source: 7 FinTech Companies Helping Millennials Dominate Their Finances This Year – Forbes