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Money and Finances Are Young Adults' Biggest Concerns, AARP Report Reveals
October 27, 2009AARP's LifeTuner initiative released a survey today that demonstrates how financial concerns are pervasive in every aspect of young adults' lives and suggests that a general reluctance to discuss money with friends and family could have a negative impact on their financial futures. The report, entitled "Personal Finances: The Final Frontier of Social Media," is based on a national survey of 1,002 young adults (aged 18-34). Specifically, the report revealed: * 57% of young Americans consider their financial situation to be the biggest concern in their lives. * 66% rate their own financial situation as fair to poor, and almost half (43%) expressed concerns about their ability to make sound financial decisions. Full release.