While financial literacy might not be as widespread as it should be, that doesn’t mean you have to go with the flow. Remaining financially illiterate will cost you.
According to Debt.org, U.S. adults between 18 and 29 years old had an outstanding debt tally of around $1.05 trillion in mid-2025. That works out to about $19,962 per person. In other words, many young people have debt albatrosses around their necks.
One recommendation for young adults looking to make financially responsible decisions is to see brokers who can help, depending on the financial decisions on their plates.
Despite the potentially intimidating connotations of the word “broker,” booking an appointment to talk to one can be liberating and enlightening. Modern-day brokers play a crucial role in the lives of young adults in their twenties, enabling them to make informed decisions regarding their financial security.
Here are five kinds of brokers you should consult with if you’re a young adult under 30.
1. Financial Brokers to Help You Build Wealth Early
“Invest early” is advice everyone under the age of 30 has heard, but the biggest issue people in the demographic might encounter is where to start. That’s one reason to contact a financial broker.
Whether you talk to a broker in person, on the phone, or use a virtual broker service—like a fintech platform—you can get help with the following:
- Opening brokerage accounts
- Diversifying investment portfolios
- Understanding risk tolerance
- Avoiding overpriced and unnecessary financial products
A good financial broker will help you avoid making decisions based on panic or paranoia. Panic-selling, if you invest in stocks and unload them at the first sign of market trouble, can cost you more money.
You can learn sound financial principles from a profession so you can make informed investment decisions.
2. Insurance Brokers to Protect Against Serious Financial Blows
Insurance is often overlooked among the younger demographic—until a snag occurs. Whether it be a medical issue, a car accident, or something else, the fact is that many people in their twenties find out much too late in life that the right insurance options would have prevented costly expenses.
Talking to an Insurance broker will help you compare your options, explain how different levels of coverage work, and ensure you don’t pay for a product that you don’t need. A broker can also help you get a better insurance premium than you’d otherwise be able to secure independently.
Insurance products for the under-30 crowd include the following:
- Renters insurance/homeowners insurance
- Car insurance
- Health insurance
- Disability coverage
- Life insurance
By taking the necessary precautions earlier, young adults can avoid possible missteps that could cost them dearly in the end.
3. Real Estate Brokers to Demystify Renting and First-Time Home Buying
Depending on where you live and how much you make, finding adequate housing can be challenging. Real estate brokers, however, can provide assistance in that regard.
If you want to find a place to live, a broker can lend assistance with the following:
- Apartment hunting in competitive markets
- Negotiating leases
- Understanding tenant rights
- Preventing scams and unsafe agreements
Even if you’re not yet ready to purchase a home, it’s worth having a reliable and experienced real estate broker in your phone’s contact list. You’ll know who to call when you’re ready.
4. Career and Recruiting Brokers to Get Ahead Career-Wise
An increasing number of professionals in their twenties are contacting recruitment agencies and career brokers. Doing so can help them navigate the employment sector and gain access to the best jobs in their respective lines of work.
Even professionals leverage the benefits of working with brokers for business reasons. For instance, companies that rely on industrial raw materials often work with industrial materials brokers that connect them to reliable suppliers at competitive rates.
5. Mortgage, Loan, and Credit Brokers to Improve Borrowing Power
Young adults commonly enter their twenties with student loans, credit histories, and limited financial know-how. Financial and loan credit brokers, however, can reduce uncertainty, enabling young people to make better financial decisions.
These brokers can equip people under 30 to more confidently do the following:
- Making mortgage lender comparisons
- Understanding the effect of credit scores when borrowing
- Refinancing student loans
- Managing personal loans and lines of credit
- Securing the best rates for large purchases
Another important function of a good broker is to help young adults avoid high-interest loans that can trap them for extended periods.
Working With Brokers Before the Age of 30 Matters
Hiring a broker is about getting the help you need for better decision-making. Young adults are making life-defining decisions at an age when their choices have a significant long-term impact, and brokers can help them avoid risks or at least reduce them.
You won’t need a broker for everything in life. But the five things mentioned above are examples of situations in which a broker’s input can help you.
