“If you want to have a high paying job, you need to have a college education.” Many millennials have had this statement burned into their brains for years. Now, with college degrees at a premium, many of those same millennials are entering the workforce with tens of thousands of dollars in debt already strapped to their backs.
Seventy-three percent of millennials (those born in 1982 or later) are concerned about meeting their monthly living expenses and financial obligations, compared to 67% of Gen X and 63% of baby boomers, according to MetLife’s most recent Employee Benefit Trends Study. This has led many employers to seek out alternative benefit programs that will assist with the modern day problems millennials are facing, which in turn will attract and retain young employees.
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