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5 debt and saving tips for 20-somethings

Gen Y seeking financial independence
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Gen Y seeking financial independence © blvdone/Shutterstock.com

Knowledge of wealth
By Jean Chatzky

Gen Y seeking financial independence

Obtaining financial independence is a rite of passage for 20-somethings.

But a bleak economy and mounting debts are keeping many Millennials on their parents' payrolls, but they’re surprisingly upbeat.

Every month, Bankrate surveys Americans about their savings, debt, job security and other financial topics. And every month, millennials consistently express higher levels of financial security than older generations.

So while experts say it might not be easy, 20-somethings can dig their way out of an economic hole by following these common sense tips on debt and saving.

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