What financial advice do millennials say they need?

By Juan Rodriguez and 

Despite millennials' confidence in their financial knowledge, they want advice on three topics in particular: savings, budgeting and credit cards.

In a study conducted by Angus Reid Public Opinion for TD Bank, 59 percent of those polled reported being "extremely" or "very" knowledgeable about day-to-day banking products. Still, 26 percent of those polled felt they needed advice on credit cards. More men than women said they want help on the subject, by a margin of 29 percent to 23 percent.

Some 38 percent of 501 Hispanics polled wanted advice on credit cards, making that product the group's second highest concern. The group most wanted advice on savings (45 percent).

More millennials reported having a checking account (100 percent) or savings account (82 percent) than a credit card (72 percent). Women (68 percent) and Hispanics (64 percent) were less likely to have a card than men as a whole (75 percent).

The TD Bank Financial Education Survey polled 2,031 Americans ages 18-34 from Jan. 28 to Feb. 10, 2014.

See related: Infographic: Millennials have unhealthy credit habits, More infographics

To use the graphic on your site, use the following code:

 <center><a href=""><img alt=" infographic: Which financial topics millennials say they most need advice on" border="0" src="" /></a> </center>

Published: March 20, 2014

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Follow Us

Updated: 10-26-2016

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.