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The Majority of Millennials Have $1,000 or Less in Savings
HowMuch.net ^ | December 11, 2015

Posted on 02/20/2017 2:33:22 PM PST by Jyotishi

Millennials are projected to number 75.3 million for 2015, surpassing a projected 74.9 million for Baby Boomers. The Millennials will therefore comprise a greater percentage of the population than Baby Boomers for the first time. To gain insight into the saving habits of Millennials, we recently performed a survey of those from the ages of 18 to 34. We received 2,585 responses to our survey. The results of our survey found that over 50% of Millennials have less than $1,000 in savings. This would indicate that most millennials do not have a cushion to fall back on in case of an emergency. The rest of our findings can be analyzed with the visualizations below:

(Excerpt) Read more at howmuch.net ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: economy; job; money; savings
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To: Vaduz

One of the greatest deliberately unreported stories domestically is how bad Colorado and other big weed-legalization states are getting clobbered with the young generation who should be working and making families becoming braindead loafers who can barely perform a McJob. It’s gonna be a double-whammy when they hit old age.


41 posted on 02/20/2017 6:35:02 PM PST by Laser_Ray
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To: Laser_Ray
a smattering of $10-$12 an hour jobs at different companies or temp agencies, and rent + utilities is ~$650 AT THE BARE MINIMUM, how the **** do you save anything?

Simple. Work 2 jobs.
42 posted on 02/20/2017 7:12:40 PM PST by Garth Tater (What's mine is mine.)
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To: Gay State Conservative
I learned many valuable lessons from my parents..."live below your means" being one of the most valuable.

Good for you! Same for me. My Dad grew up poor in a ghetto of Philadelphia, with two brothers and no father, his father died before my Dad was born. Struggled until WWII and went to fight as a U.S. G.I. I also live below my means. I also picked up one of his bad habits, in collecting old junk and fixing it up. Took me a while to figure out that I can afford anything I want and don't need to grab second-hand junk. My Dad and his brothers never had anything new.

43 posted on 02/20/2017 7:22:00 PM PST by roadcat
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To: Mouton

So what when I got out of college in 67 I had on 2k and of course no debt! Of course that was 50 years ago and I did not have jewelry hanging off my eye lid either.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I got out of the military, after 4 years in ‘67, as poor as the snake that didn’t have a pit to hiss in but bound and determined to not stay that way and I didn’t.


44 posted on 02/20/2017 7:52:26 PM PST by Graybeard58 (Bill and Hillary Clinton are the penicillin-resistant syphilis of our political system.)
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To: Laser_Ray

Indeed they have no clue about what the future will bring until it’s to late.


45 posted on 02/21/2017 8:48:52 AM PST by Vaduz (women and children to be impacted the most.)
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To: Garth Tater

I tried. Believe me, I tried, with about 100 applications nin a 2 week period alone. The problem is that they ALL want the exact same timeslot, the prime 8-to-6 hours. I’m not against breaking a few laws to make a living at this point but I can’t break the laws of physics and be in two places at the same time.

And as a double whammy the one I have has an inconsistent schedule that sometimes requires late days...and showing up inconsistently late for a 2nd job won’t fly.

The few that don’t want only that prime timeslot (like fast food jobs) are either so horribly overapplied for you’re basically playing a free lottery or require very specialized skills.


46 posted on 02/21/2017 4:47:03 PM PST by Laser_Ray
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To: Laser_Ray

I can understand your frustration. 100’s of applications and no responses can be very disheartening. I would try applying in person instead of online so you don’t get stuffed in a database and forgotten. And try applying to more locally owned small businesses. They don’t get as many applicants as the national chains do and if you get lucky the owner might be there and you’ll get a chance to make a good personal impression on the guy that can actually hire you on the spot. And when they say they aren’t hiring now don’t just say, “Can I leave my number?” - hand them a business card that would make it EASY for them to call you if a job opens up unexpectedly.

And finally, if you’ve worked your butt off doing everything you can to find that second job and nothing materializes - maybe it’s time to think about moving to where the jobs are. Not easy to do but you have to do what’s necessary to put yourself in a better position to get hired. Wasting time on short hours at minimum wage is a sure path to no where. Good luck. Don’t give up.


47 posted on 02/21/2017 6:05:01 PM PST by Garth Tater (What's mine is mine.)
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To: snarkytart

I knew a guy that was pushing 40, was a left-leaning “Libertarian” and always talked about liberty but lived with his parents and had only lived away from home rather briefly in his 20s.

If you’re depending on other people for your sustenance then you know nothing about Liberty.


48 posted on 02/22/2017 3:05:02 AM PST by CommieCutter ("Trump is god emperor and he will win." -- some hacker)
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