75% of Young Parents Are Making This Major Mistake

When it comes to being fiscally responsible, millennials tend to get a bad rap. But in reality, younger workers are ahead of the game in many financial regards. A good 80% of millennials follow a budget, compared with just about 40% of the general population. And 51% have money set aside for emergencies. But if there's one area where millennials are falling short, it's life insurance.

A frightening 75% of millennial parents are currently without life insurance, according to a study conducted by online platform Bestow. And a big reason boils down to not wanting to research it. In fact, 67% of young parents claim they don't have time to sift through their options, and millennials on a whole aren't willing to spend more than two hours on the process.

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Source: Fool.com