In a recent interview, personal finance expert Suze Orman discussed the financial challenges facing millennials and the role their baby boomer parents can play. Orman emphasized that open communication about money is crucial, as many millennials struggle with student debt and high living costs while boomers may face retirement savings shortfalls.
Orman, known for her straightforward advice, suggested that millennials should not rely on inheritance but instead focus on building their own financial security. She also urged boomers to be transparent about their financial situations to avoid burdening their children later.
According to a 2025 study by the Federal Reserve, about 40% of millennials have received some financial help from parents, but only 15% expect a significant inheritance. Orman's advice aligns with these trends, advocating for proactive planning rather than assumptions.
