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Students pull a mock 'ball & chain' representing outsandig student debt. Photo: Paul J. Richards/AFP via Getty Images

Debt is one of the biggest daily concerns for 68% of millennials, according to a new poll by Hometap, and they are seven times more likely than people over 50 to say that paying credit card or student debt is an important financial goal.

Why it matters: A majority of millennials say baby boomers have made things worse for them, according to an Axios/Survey Monkey poll, as they struggle with big college loans, inheriting two wars, and facing an uncertain future of work. But only 56% of them said they are "extremely" or "very" responsible in how they manage their money, compared with 80% of those 70 years old and more.

  • More than 50% of millennials' salaries go to mortgage payments, according to the Hometap poll. And 70% say that high mortgage payments make it harder to reach their financial goals.
  • They are 30% less likely than those 50+ to believe they will ever receive social security.

Be smart: 85% of millennials are personally saving for retirement.

Go deeper: Millennials blame boomers for ruining their lives

Go deeper

Erica Pandey, author of @Work
41 mins ago - Economy & Business

The wealthy exodus from superstar cities

Pandemic-induced remote work is chipping away at a recent trend of Americans staying put — but only for the well-off.

Why it matters: Telework has been lauded as a geographic equalizer, allowing talented people from all over the country to go for jobs in superstar coastal metros. But the benefits have largely been limited to wealthier workers — so far.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: The end of quarantine — CDC updates guidance on airborne COVID-19.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations.
  5. World: Asia faces massive new COVID surge.
  6. Variant tracker: Where different strains are spreading.
3 hours ago - Health

States request fewer coronavirus vaccines as demand plummets

A pharmacy student preparing a coronavirus vaccine in Angeles, California, on May 7. Photo: Frederic Brown/AFP via Getty Images

States are requesting fewer doses of the coronavirus vaccine as demand for the shots plummets, according to AP.

Why it matters: Over half of all American adults have now gotten at least one shot of a vaccine, and 42% of adults are fully vaccinated. But administering more vaccines may become more difficult because adults who are enthusiastic about getting vaccinated have likely already received at least one dose.