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

The hard seltzer wars are heating up

Illustration: Aïda Amer/Axios

Competition in the hard seltzer market is heating up in the closing weeks of summer, as big companies like Constellation Brands, AB InBev and Molson Coors have entered the market and Coca-Cola is poised to join the fray in 2021.

Why it matters: The coronavirus pandemic has increased alcohol sales overall and hard seltzers are exploding in popularity and look to have staying power, boasting record high sales in recent weeks.

Why you should be skeptical of Russia's coronavirus vaccine claims

Photo: Alexey Druzhini/Sputnik/AFP via Getty Images

Russian President Vladimir Putin announced Tuesday that his country has registered a coronavirus vaccine and said that one of his daughters has already been inoculated, AP reports.

Why it matters: Scientists around the world are skeptical about Russia's claims. There is no published scientific data to back up Putin's claims that Russia has a viable vaccine — or that it produces any sort of immunity without significant side effects.

A quandary for state unemployment agencies

Illustration: Aïda Amer/Axios

State agencies charged with paying unemployment benefits to jobless residents have their backs against the wall as they rush to parse President Trump's executive actions on coronavirus aid.

Why it matters: States are being asked to pitch in $100 per unemployed resident, but it’s a heavy lift for cash-strapped states that are still unclear about the details and may not opt-in at all. It leaves the states and jobless residents in a state of limbo.