Why not live for today , tomorrow is always a day away?? -tom
Guess who is going to wind up paying for their stupidity?
I haven’t had less than $1000 in savings since I was 16 years old, that is over 50 years ago.
I used to have savings, a long time ago.
I guess they figure Barry and the taxpayers have their backs.
Until my late 20’s I had zero savings. Guess I was ahead of the curve.
M's have no concept of frugality, sacrifice and diligence.
The Two preceding generations, the Boomers (that's me) and the X’ers also had little conception of those values.
The curse of inherited wealth has magnified with each generation, producing a less able and less resilient citizen at each level.
M's are being prepared for slaughter, just like the “Eloi” in HG Wells classic “Time Machine.” Plenty of “Morlocks roaming the planet ready willing and eager to extract blood and tears from the fattened weakened human cattle.
If things get too rough, most can go live with their parents, God forbid.
So when a “millennial” turns 35 does he find more money in his bank account?
Time to trash all artificial categories concocted by the media.
Not surprised. They live on credit and the idea that they’re entitled to whatever feels good for the moment. They are unable to think ahead and anticipate (or avoid) the consequences of the choices they make today. To them, saving money for the future is unnecessary. They expect mom and dad and/or you and I to provide financial assistance when they need it.
Hedonistic society with more reliance on the Government than on themselves of God....gonna be a lot of bitter old Millennials some day...
Meaningless. They’re only including cash and money in bank accounts. I have a few hundred thousand in investments, a paid-off house, and no debt of any kind, but they’ll bemoan the fact that I have very little in “savings”.
The welfare state at its greatest.
My 22 year old is still at home but she is working a full time job and going to local community college for her associates. Staying at home to control expenses and college costs.
My 20 year old is out of the house but only an hour drive away. She also has a full time job that provides a hotel room as part of her compensation. She is also going to college via an online school for her associates.
My son is 16 and obviously home but he is starting to learn PC support and networking (following after me). He wants to support his music habit (saxophone and guitar) and knows that he can’t do that with night gigs.
Bet they all got smart phones.
Fewer than half of everyone has less than $1,000 in savings.
This is not a problem with the “Millennials”. They have plenty of credit cards with $1,500.00 limits. Pay it off? No problem it takes 30 years at the minimum payment. Interest rate? No problem. Monthly minimum is all that counts with these spoiled brats.
I saw a billboard the other day that said...”Your in laws are not a retirement fund”. Meaning waiting for them to kick off isn’t the best idea. That may be what these idiots are doing.
I was a terrible saver through my 30’s. Didn’t have any real money in the bank until my early 40’s. I’m now 57 and have nowhere near enough to retire on. I’ll be working until I’m dead. I like my work though.