Most Millennials Have ZERO in their bank accounts

How much do you have saved in your bank account?

A new survey has found that 46 percent of Millennials have no money in savings. Zip. Zero. Nada. And, unfortunately, that number has jumped quite a bit from the 31 percent of Millennials who admitted they didn’t have money in savings last year.

If we look at 18-24 year old (young millennials,) 

$0 saved:

In 2016: 31 %
In 2017: 46%

Less than $1,000 saved:

In 2016: 41%
In 2017: 21%

$1,000 to $4,999 saved:

In 2016: 15%
In 2017: 15%

$5,000 to $9,999 saved:

In 2016: 4%
In 2017: 5%

$10,000 or more saved:

In 2016: 8%
In 2017: 13%

Even now if we look at "older Millennials," those ages 25-34... 41% have ZERO in the bank and 20% have less than $1000 saved.  


Source: CNBC



 

Zach Dillon

Zach Dillon

Want to know more about Zach Dillon? Get their official bio, social pages & articles on 101.3 KDWB!

title

Content Goes Here