Jun 20, 2018

Why it matters: 68% of millennials worry about debt every day

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

First look: Trump courts Asian American vote amid coronavirus

Photo: Sarah Silbiger/Getty Images

The president's re-election campaign debuts its "Asian Americans for Trump" initiative in a virtual event tonight, courting a slice of the nation's electorate that has experienced a surge in racism and harassment since the pandemic began.

The big question: How receptive will Asian American voters be in this moment? Trump has stoked xenophobia by labeling COVID-19 the "Chinese virus" and the "Wuhan virus" and equating Chinatowns in American cities to China itself.

How the U.S. might distribute a coronavirus vaccine

Illustration: Annelise Capossela/Axios

Now that there are glimmers of hope for a coronavirus vaccine, governments, NGOs and others are hashing out plans for how vaccines could be distributed once they are available — and deciding who will get them first.

Why it matters: Potential game-changer vaccines will be sought after by everyone from global powers to local providers. After securing supplies, part of America's plan is to tap into its military know-how to distribute those COVID-19 vaccines.

Amazon is gaining on shipping giants

Illustration: Eniola Odetunde/Axios

Amazon is emerging as a transportation juggernaut that could threaten carmakers, package delivery firms and even ride-hailing companies.

Why it matters: By building its own logistics ecosystem and investing in promising electric and autonomous vehicle startups, Amazon could lower its shipping costs to the point that partners like UPS become competitors instead.