Get All Access for $5/mo

The Financial Advice Millennials and Gen Zers Want to Know (Infographic) Having a grasp on your financials is tricky, but it's crucial if you want to be successful. And that starts with getting the right advice.

By Rose Leadem

Opinions expressed by Entrepreneur contributors are their own.

Deborah Pendell | Getty Images

Whether it's saving for retirement or paying off credit card debt, money management can be a challenge. Of course, different people have different concerns -- and that often comes with age. While a 60-something baby boomer might be organizing their savings for retirement, your 20-something millennial might be focused on paying off student loans.

Related: 8 Financial Tips for Entrepreneurs Launching a Startup

In a recent study, financial intelligence company Comet surveyed more than 1,000 people to uncover the top financial concerns of various age groups, as well as the financial advice millennials and gen Zers want to know and what they hear instead.

Overall, saving for retirement was the top concern across all age groups, with saving for an emergency and affording monthly bills following in second and third. However, it's no wonder these are some of the most pressing worries -- according to the research, 23 percent of people admit they don't have a savings account, and 43 percent reported not being on track towards their retirement goals. Perhaps that's because they didn't hear the right advice growing up. At least that might be the case for gen Zers and millennials.

Related: 10 Pieces of Financial Advice I Wish I Knew in My 20s

According to the research, these young people want to learn things such as how the stock market works, how to manage an investment portfolio, how to invest in real estate and how to build credit. Instead, they're simply told how to create a budget, save for retirement and pay credit card bills in full every month.

Having a grasp on your financials is tricky, but it's crucial if you want to be successful and comfortable. To learn more, check out Comet's infographic below.

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Solutions

Increase Productivity with This Microsoft 365 Subscription, Now $25 Off

It can make the entrepreneur life a lot easier.

Business News

Apple Pay Later Is Ending. Here's What's Taking Its Place.

The program was available for less than a year.

Leadership

This Artist Answered a Businessman's 'Powerful' Question — Then His Work Became 'the Poster Child for Juneteenth': 'Your Network Really Becomes Your Net Worth'

Reginald Adams was the executive director of a Houston-based art museum for more than a decade before he decided to launch his own public art and design firm.

Leadership

Harvard Business School Professor Says 65% of Startups Fail for One Reason. Here's How to Avoid It.

Team alignment isn't nice to have -- it's critical for running a successful business.

Business News

Here's What Companies Are Open and Closed on Juneteenth 2024

Since it became a holiday in 2021, Juneteenth has been recognized by some major corporations as a paid day off.

Growing a Business

I Hit $100 Million in Annual Revenue by Being More Transparent — Here Are the 3 Strategies That Helped Me Succeed

Three road-tested ways to be more transparent and build relationships that can transform your business — without leaving you feeling nightmarishly over-exposed.