Every industry has its own unique language, and that’s certainly true in banking. Although managing money is a primary concern for everyone, not everyone is fluent in financial terminology. This puts you at a real disadvantage when you are talking to financial advisors or trying to make critical decisions about household budgeting, savings, investments, and retirement.
Millennia ago, the philosopher Heraclitus expressed one of the great truisms of all time: “The only thing that is constant is change.” Today’s millennials embrace change, especially technological change, and it’s having a positive yet profound impact on the financial industry. Not only have the ways we conduct financial transactions changed, but attitudes about banking, savings, and money have changed as well.