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Essay Available:
Pages:
13 pages/≈3575 words
Sources:
20 Sources
Style:
Harvard
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.K.)
Document:
MS Word
Date:
Total cost:
$ 60.84
Topic:

Personal Finance Changes among Millennials and Their Impacts to the Upcoming Generation

Essay Instructions:

The dissertation has already been started as a research proposal and I have attached the file. You just need to complete it. PLEASE DO READ THE POWERPOINT ATTACHED FULLY BEFORE STARTING TO WRITE AND FOLLOW THE TIPS PROVIDED. Thanks.
Structure:
1. Abstract
2. Introduction
3. Literature Review
4. Methodology
5. Results
6. Discussion
7. Conclusion
You should be able to:
Critically review and evaluate current research relevant to a self-determined topic.
Develop and implement own research strategy.
Judge and evaluate the quality (validity, reliability and transferability) of evidence that is used to support claims about theories and current problems in the field.
Critically evaluate arguments, assumptions, abstract concepts and data (that may be incomplete), to make own judgements.
Formulate a coherent argument within a theoretical and contextual framework.
Communicate effectively in an appropriate medium and style.
Conduct research, engage with current theories and data in a critical manner, and finally to produce a piece of academic work.
An outstanding piece of work:
· Demonstrates exceptional independent thought and reflection in relation to complex ideas and concepts.
· Provides creative analysis of techniques/knowledge.
· Critically analyses information sources, techniques and approaches to analysis.
· Demonstrates extensive research across a range of sources.
· Communicates ideas and complexity with confidence, using appropriate format and excellent presentation.
Statements, assertions and ideas made in coursework should be supported by citing relevant sources. Sources cited in the text should be listed at the end of the assignment in a reference list. Any material that you read but do not cite in the report should go into a separate bibliography. All referencing should be in Harvard format.

Essay Sample Content Preview:

EXPLORING THE PERSONAL FINANCE CHANGES AMONG MILLENNIALS AND HOW THEY WILL AFFECT THE FUTURE OF BUDGETING FOR THE UPCOMING GENERATION
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Abstract
Financial management is crucial and determines the ability of a person or entity to meet all the developmental objectives. This study explores the personal financial changes among millennials and how they will affect future generations in budgeting. The study undertakes a qualitative research which entails observation and analysis of existing literature sources. The study focuses on highlighting the experiences of millennials with funds, financial management practices, and loans. The data collected from the study indicates that majority of millennials are in debts or have been in debts. Some of those in debts have even defaulted their loans due to lack of funds as a result of poor financial management skills. The data obtained also indicates that the amount of financial stability that majority of the millennials have is determined by the stability of their parents. The study ends with a call to action for all millennials to improve personal financial management for better investments in the future and to impact the upcoming generations positively.
Introduction and Background
The increasing uncertainty of the global economy has increased the role of financial literacy in making sound investment decisions. The resolution needs to be resolved with the joint efforts of the government, financial institutions, individuals, and society in the era of the millennial generation (Dewi et al., 2020). The recent economic and financial crisis has increased the demand for financial literacy, which can be established for the future.
1.1 Research Questions
1 What are the current Gen Y-induced personal finance changes in the UK?
2 What are the speed and scale millennials have adopted for budgeting?
3 What is the role of budgeting in enabling personal finance disruption among millennials?
1.2 Research Objectives
The research aims to explore the personal finance changes among millennials and their impact on budgeting for the upcoming generation. The objectives are:
* Exploring the Gen Y induced personal finance changes in the UK
* Exploring the speed and scale millennials have adopted in budgeting
* Exploring budgeting as an enabler of personal finance disruption amongst Millennial to handle these challenges.
1.3 Motivation of the Research Topic
The choice of financial products and services is increasing for youngsters, making financial literacy important. Therefore, the topic is chosen to increase youngsters' awareness of personal finance challenges among millennials.
Literature Review
The millennials are a generation that is unique in many ways. One way that they are unique is how they view personal finance. It is an important area to understand because how millennials view personal finance will likely impact how future generations approach budgeting. One clear thing is that millennials are more comfortable with debt than past generations (Dewi et al., 2020). de Bassa Scheresberg & Lusardi (2014) found that 71% of millennials do not believe that debt is terrible, compared to only 46% of Generation X...
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