Survey Finds Most Millennials Aren’t Saving Money
About 52 percent of millennials have less than $1,000 saved up.
Red Alert Politics reports.
Survey: Half of millennials have saved less than $1,000
A new survey finds that millennials have had a slow start to building an emergency fund, or savings of any sort.
About 52 percent of millennials have less than $1,000 saved up, according to a survey commissioned by Howmuch.net, a “cost information website.”
Another 18 percent of millennials have between $1,000 and $5,000 saved, 7 percent have $5,000 to $10,000, 6 percent have $10,000 to $20,000, and 17 percent have more than $20,000 saved.
Unsurprisingly, savings increase with income. Age correlates as well; younger millennials have less in savings than older millennials.
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Survey: Half of millennials have saved less than $1,000 (Red Alert Politics)
Survey: Half of millennials have saved less than $1,000 (Red Alert Politics)
Comments
They may be entitled and perpetually offended, but we can take some pleasure in the fact that they’re poor.
Except they will end up as a burden on the rest of us.
First they have to have jobs.