How Much Money Do Millennials Really Have?

Share
Tweet
Pin It
Share
Tweet
Pin It
Saving is never easy, especially when bills like student loans, car payments, and tons of other expenses need to get figured out first. If you feel like your savings account is looking a little skinny, you're not alone: a new survey from HowMuch.Net just revealed how much Millennials really have in the bank, and the numbers are pretty low.

Creating a savings account sets you up with some fallback money in case of an emergency, but as this survey proves it's not the first place that people funnel their money when they have other expenses to meet. The HowMuch.Net surveyed Millennials ages 18 to 34, and the resulting data showed that most people don't actually have very much money in their savings account. Here's how it all broke down:While there are certain Millennials who have a pretty big cushion in terms of savings (mostly because they make more money overall) most Millennials - over half! - have under one thousand dollars in the bank. That might have to do with the fact that many people in that bracket are college students who can't save up much money while getting an education, but it's still not an ideal statistic.

Prioritizing savings can help set one up for the long run, so it's definitely something that should be in the back of everyone's mind. Tucking a few bills away whenever possible may help grow your account so that you have something stashed away for when you need it most.

MORE CELEB SCOOPS

Show Comments

Follow Cambio

THIS JUST IN!

Join Our Newsletter
Stay fetch. Sign up for The Cray, our daily roundup of all things buzzworthy. From Kylie Jenner's trendsetting style (btw, puberty goals AF) to life-changing tech news (tweeting an emoji to order a pizza #YES), The Cray is all you need to impress the squad.
Privacy Terms