In my Broke Millennial Book Review, I'll discuss why the book isn't aimed at millennials and why I wouldn't recommend it. The author ignores social injustices and is glorified pandlehandling. I'm a millennial, and I'm ready to get my financial house in order. But is the book worth reading? Or is it too simplistic and too generalized?
Erin Lowry's book isn't targeted to millennials
While the title might imply that Erin Lowry's book is aimed at millennials, it is actually an excellent introduction to personal finance. The book is easy to read and uses millennial language to make personal finance easy and accessible to all age groups. However, this isn't to say that Lowry doesn't speak to more advanced personal finance readers. She does mention investing, but only briefly, and suggests other sources for further information.
Like many millennials, Lowry grew up in Asia, and she graduated from college without any debt. She did so by choosing a school she could afford without student loans, and she set a goal to save at least $10,000 by graduation. She managed to reach that goal in time to move to New York City. She also didn't have to take out loans to pay for her studies.
It ignores social injustices
The Broke Millennial series is one of the most popular books out there, and the premise behind it is simple: a young person who is broke and wants to learn about financial planning ends up ignoring social injustices and ignoring institutions that create them. Although the premise sounds simple, the books don't necessarily follow this principle. Millennials are often dissatisfied with institutions and are generally distrustful of fellow humans. Only 19 percent of them trust most people.
But what about the millennial generation as a whole? According to Paul Taylor, a former Pew Research Center researcher, millennials are an educated, connected, idealistic, and downwardly mobile generation. They're also apolitical. Despite these attributes, millennials tend to ignore social injustices. While they're largely ignorant of the economic system, they're also less politically engaged than any previous generation.
It's a "choose your own adventure" guide to learning about personal finances
The Broke Millennial is a "Choose Your Own Adventure" guide to learning about personal finances, based on the author's popular blog. Using real-life examples, this book demystifies the world of personal finance for millennials. It is recommended for people who want to improve their financial situation but aren't sure how to go about it.
The Broke Millennial is written by a millennial, so its advice is aimed at them. Topics covered include student loan debt, investing, and saving. Because it focuses on issues millennials face, the book is self-contained. Readers should be aware of their own unique financial situation before attempting to tackle personal finance issues