Financial challenges continue to plague Long Island millennials – nextLI

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Financial Challenges Continue to Plague Long Island Millennials. This article, originally published on Newsday’s NextLI site, can be found here. godsonmichel. 0. press. 19 jun. Introducing The New Urban League of Long Island Website. This article, originally published on Urban League of Long.

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The single biggest challenge millennials face on Long Island is being unable to purchase homes due to student loan debt and wages that have not kept up with inflation. The burden of carrying tens of thousands of dollars in student loan can never be overstated.

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Why is that so hard for Long Island to produce? News;. ‘Cool Downtowns’ Won’t Cut It If Long Island’s Millennials Can’t Afford to Live, Work and Play Here. Millennials on Long.

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Furthermore, millennials are looking for and opening new credit more than other age groups, as the chart below shows. Clearly, in spite of observed deleveraging, millennials remain the most likely age group to have credit inquiries. We also found that millennials are most likely to open new credit cards and student loans.

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The number of millennials living on Long Island has shown a modest resurgence, rising 7.6 percent from 2010 and 2015 after a precipitous drop in the age group over two decades, according to a Long Isl

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