Lack of financial know-how has Millennials engaging in risky financial behavior to pay the bills.

Lack of financial know-how has Millennials engaging in risky financial behavior to pay the bills. A recent report reveals that individuals born between early 1980s and mid-1990s have the “lowest level of financial literacy,” and only 27% are seeking help from financial professionals. In fact, a somewhat surprising 42% have turned to alternative financial services like payday loans, pawnshops, and tax refund advances. According to PricewaterhouseCoopers: “There’s an appetite for faster money quicker without thinking of the longer-term ramifications.” (MoneyTalksNews)