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Yikes: More Than Half of Millennials Have Less Than $1000 in Savings
Townhall.com ^ | December 13, 2015 | Christine Rousselle

Posted on 12/13/2015 8:30:27 AM PST by Kaslin

A new survey of Millennials (those between the ages of 18 and 34) by How Much shows that more than half of them have less than $1,000 in savings.

(Excerpt) Read more at townhall.com ...


TOPICS: Culture/Society
KEYWORDS: debt; millenials; money; savings
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1 posted on 12/13/2015 8:30:28 AM PST by Kaslin
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To: Kaslin

Why not live for today , tomorrow is always a day away?? -tom


2 posted on 12/13/2015 8:34:59 AM PST by Capt. Tom
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To: Kaslin
Not shocked. About 1/3 still live with their moms.


3 posted on 12/13/2015 8:35:54 AM PST by Sooth2222 ("In a democracy, the people get the government they deserve." - Alexis de Tocqueville (1805-1859))
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To: Kaslin

Guess who is going to wind up paying for their stupidity?


4 posted on 12/13/2015 8:36:07 AM PST by dfwgator
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To: Kaslin

I haven’t had less than $1000 in savings since I was 16 years old, that is over 50 years ago.


5 posted on 12/13/2015 8:36:37 AM PST by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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To: Capt. Tom

“Let’s party! Somebody else is going to pick up the tab.”


6 posted on 12/13/2015 8:36:51 AM PST by dfwgator
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To: Kaslin

I used to have savings, a long time ago.


7 posted on 12/13/2015 8:38:56 AM PST by SWAMPSNIPER (The Second Amendment, a Matter of Fact, Not A Matter of Opinion)
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To: Kaslin

I guess they figure Barry and the taxpayers have their backs.


8 posted on 12/13/2015 8:40:38 AM PST by FlingWingFlyer (Obama says, the Second Amendment is the greatest recruiting tool that ISIS has.)
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To: Kaslin
OMG, isn't it more important to Save the Erf? </sarc>
9 posted on 12/13/2015 8:41:37 AM PST by PROCON (It's not islamophobia, it's islamonausea)
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To: Kaslin

Until my late 20’s I had zero savings. Guess I was ahead of the curve.


10 posted on 12/13/2015 8:41:45 AM PST by Calpublican (This statement incites violence against radical Islamism)
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To: Kaslin
M's are 3 generations removed from the Greatest Generation. That was the last generation that did any real heavy lifting in America.

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.

11 posted on 12/13/2015 8:42:02 AM PST by Awgie (truth is always stranger than fiction)
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To: Kaslin

If things get too rough, most can go live with their parents, God forbid.


12 posted on 12/13/2015 8:42:55 AM PST by Calpublican (This statement incites violence against radical Islamism)
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To: Kaslin

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.


13 posted on 12/13/2015 8:43:03 AM PST by I want the USA back ( Islam is a violent, world-domination political ideology cleverly disguised as a religion.)
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To: Capt. Tom
Really. The millenial generation is larded with entitled, improvident children, but I wonder how many boomers had $1000 in savings at 18 to 34.
14 posted on 12/13/2015 8:43:13 AM PST by hinckley buzzard
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To: Kaslin

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.


15 posted on 12/13/2015 8:44:57 AM PST by fivecatsandadog ( "Radical" Muslims will kill you. "Moderates" will sit in silence and watch the radicals kill you.)
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To: Awgie
To paraphrase someone who put it far more eloquently than I can — for some inexplicable reason, millennial don't aspire to be the Marlboro Man, they aspire to be pajama boy.
16 posted on 12/13/2015 8:44:58 AM PST by Wyrd bi ful ard (Don't Tread On Me)
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To: Kaslin

Hedonistic society with more reliance on the Government than on themselves of God....gonna be a lot of bitter old Millennials some day...


17 posted on 12/13/2015 8:45:17 AM PST by trebb (Where in the the hell has my country gone?)
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To: Awgie

most X’rs I know are doing very well, have good savings and nice homes, and some of these were friends I thought would never make anything of themselves but they still had work ethic and didn’t buy into the social justice/entitlement crap the worthless Millenial snowflakes have. Millenials are hive minded children.


18 posted on 12/13/2015 8:45:27 AM PST by gwgn02
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To: Kaslin

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”.


19 posted on 12/13/2015 8:45:38 AM PST by Wissa (Gone Galt)
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To: Sooth2222

No work ethic.


20 posted on 12/13/2015 8:45:58 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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