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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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To: Vermont Lt

Very interesting observation about the “Silents.” I have not heard that before. Will take some pondering.


41 posted on 12/13/2015 9:00:20 AM PST by Awgie (truth is always stranger than fiction)
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To: Vermont Lt
Before WWII having unmarried children living at home was the norm. It was not unusual at all to have three generations living in a home.

Then there's the flip-side, parents living with the children to help them to raise their grandkids, so the parents can work without having to worry about paying for daycare or babysitters. Nothing wrong with multiple generations living in one house, in many cases, it makes perfect sense. Keeps more wealth within the "Clan."

42 posted on 12/13/2015 9:00:33 AM PST by dfwgator
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To: jdege

That’s pretty much spot-on. I can testify.


43 posted on 12/13/2015 9:00:40 AM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Sooth2222

I would guess the Obie’s living with parents have the most saved.


44 posted on 12/13/2015 9:01:07 AM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: hinckley buzzard
...I wonder how many boomers had $1000 in savings at 18 to 34.

Personally for this tail end boomer, I had $1000 by the time I was 10 years old and had about $5000 saved for college by the time I was 18.

I worked summers during college and lived at home. College cost me $8000 for four years and I worked summers, so at 23 I had $0 savings with no debt ($0 net worth put me ahead of most at that point).

I got a job and within 3 months had at least $1000 in savings.

I was lucky enough to have parents that knew what money was worth and what it costs, and taught me.

45 posted on 12/13/2015 9:02:08 AM PST by seowulf (Cogito cogito, ergo cogito sum. Cogito.---Ambrose Bierce)
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To: Kaslin

Change you can believe in...


46 posted on 12/13/2015 9:04:53 AM PST by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: albie

If you like what you do then you never work another day in your life. I am in the same boat. One of my favorite past times is teeing off on the young ones for voting for the destruction of the middle class. I don’t sugarcoat either.


47 posted on 12/13/2015 9:05:02 AM PST by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: Persevero
Painting with a broad brush that covers everything

Interesting tactic, almost Demcrat inclusivity at play on a conservative forum. Do all millenials march lockstep? All whites? All the posters on this board? just sayin'

48 posted on 12/13/2015 9:05:17 AM PST by Covenantor ("Men are ruled-...by liars who passing refuse the. news, and by fools who cannot govern." Chesterton)
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To: Kaslin

The millennials are an interesting group. They have very little interest in establishing themselves. It used to be important to get an education, get a job, get married, buy a house, have a few kids. Millennials waht to get a job and make enough money to have some life experiences. Rinse and repeat.
On a singular level I suppose this is kind of a novel way to live,however, it is tough to build a sustainable society when you have no interest in building.


49 posted on 12/13/2015 9:07:43 AM PST by cornfedcowboy
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To: Kaslin

Most of my money is invested in this great scheme called “a pyramid”. It’s held by the government and they fork over some of my money when they are able to coerce new people to join. If the millennials don’t join then I may not get my money. What will then become of me. We are all gonna die.


50 posted on 12/13/2015 9:08:59 AM PST by Purdue77 ("...shall not be infringed.")
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To: Kaslin

Millenials just need to use a printing press just like the government.


51 posted on 12/13/2015 9:09:54 AM PST by Hoodat (Article 4, Section 4)
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To: Kaslin

I know several people my age in this predicament.


52 posted on 12/13/2015 9:13:58 AM PST by Politicalkiddo ("How many observe Christ's birthday! How few, his precepts!"- Benjamin Franklin)
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To: Calpublican

Similar with me. I didn’t start saving until my mid-late 20s.

I was paying off college loans, etc., so it was paycheck to paycheck. But I never defaulted nor missed a payment on any of them.


53 posted on 12/13/2015 9:16:11 AM PST by TomGuy
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To: hinckley buzzard

I had my first house paid off by age 34. It was a modest rancher.


54 posted on 12/13/2015 9:16:13 AM PST by XEHRpa
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To: Purdue77

Ah, one who can see. Yes, I know many who are holding confidence in the Ponzi scheme. I doubt most will be able to get it out. It will force many to bow to the distributors of their own money.

And a lot of us are dependent upon this game, in one form or another, which is pretty dang scary. I have only been able to put back some basic supplies in some small preparation.


55 posted on 12/13/2015 9:19:07 AM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: hinckley buzzard

I didn’t. It was a recession in 74 when I had my first job at 17. I was paid $110 dollars a week and worked very hard. I had to pay for commutation and clothes although I had a bedroom in my parents’ house. The only entertainment was a trip to the movies. These kids are all unemployed with huge school debts. And it’s STILL a lousy economy!


56 posted on 12/13/2015 9:24:38 AM PST by miss marmelstein (Richard the Third: I like to destroy the Turks (Moslims))
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To: Kaslin
It's hard to save money when there are no good paying jobs.

This is why we need to support passing "a living wage" law < /sarcasm>.

57 posted on 12/13/2015 9:27:58 AM PST by lewislynn ( You know you're a Muslim if everything offends you.)
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To: Kaslin

Most adults don’t own their home’s
Mortgages are evil.


58 posted on 12/13/2015 9:33:01 AM PST by ctdonath2 (History does not long entrust the care of freedom to the week or the timid. - Ike)
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To: Kaslin

Most adults don’t own their home.
Mortgages are evil.


59 posted on 12/13/2015 9:33:17 AM PST by ctdonath2 (History does not long entrust the care of freedom to the week or the timid. - Ike)
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To: ctdonath2

I own all my houses.


60 posted on 12/13/2015 9:36:21 AM PST by sasquatch
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