It’s no surprise that studies show young adults are not into insurance. There are too many other financial challenges to worry about, such as paying off crushing student loan debt and saving for future goals. Actually, other studies show that younger adults would rather spend their money on such things as travel premium TV streaming services than use it to buy life insurance.
According to Fidelity Investments' Millennial Study, 47 percent of Millennials still have their parents paying for their lifestyle items like phones, cable, TV streaming and more. If 21% of Millennials are still living with mom and dad, can there possibly be an upside to this seemingly slack way of living?