[PGR88]

Don’t worry, they have the progressive nanny-state to take care of them.

[fwdude]

Let’s sue them all for $1,050.

[grania]

How are Millenials or whatever you want to call those under age 40 or so ever going to recover? If they still have college loans to pay off, why would they save? They're paying interest on their loans, while savings earns near-zero interest. Many don't have the job security or the common sense budgeting skills to have money to put aside. Job security except maybe with government jobs is close to non-existent.

One can't help but wonder if there's any way to save those generations from abject poverty in retirement.

[maddog55]

I thought the Gerber Baby Insurance plans rolled over to $10k at 18?

[bigbob]

Hard to save money when you have no job, lives on $6 lattes, and have to pay Mom $25 a month for basement rent.

[DAC21]

Not shelling out $700 a year for the latest and greatest Apple IPhone/Samsung Galaxy might help. $5+ a day at StarSux as well.

[mikeus_maximus]

I know. One of them just moved back home while looking for a job, and I’m expecting another one shortly.

[JudyinCanada]

Ha. So, no problem with them boycotting anything Trump lol.

[Gay State Conservative]

My Dad grew up in the slums of South Boston ("Southie") during the Depression.That,plus being the youngest of 7 in his family during that time,made for very,*very* hard times.As a result he developed a "never a borrower or a lender be" *and* a "live below your means" attitude.

My Dad wore Timex watches and drove Oldsmobiles when he could have afforded *much* more.

I've adopted his attitudes and having done so has resulted in financial security.

I learned many valuable lessons from my parents..."live below your means" being one of the most valuable.

[AmusedBystander]

Well the ink on their arms has to be worth something?

[Bigg Red]

The results of our survey found that over 50% of Millennials have less than $1,000 in savings.

***
No, you survey indicates that over 50% the Millennials who took your stupid survey may well have less than $1K in savings.

[CIB-173RDABN]

As a baby boomer (class of 47) I will defend the Millennials.

I was in my early 30s when I realized that I had no savings and I was in debt to my eyeball (mostly credit card revolving credit). At the time the only considerations I made when buying something was how much would it add to the monthly minimum payment.

Then I woke up. I think it was when I realized I was still paying for a Television that I had already replaced.

I got my act together and in a few years out of debt and begin saving, started a 401K, and participated in the Company’s stock plan.

Long story short, I wasted the first 15 years of my working life but was able to get control of my finances so when the time came I was able to retire comfortably.

There is still time for the Millennials to mature and begin getting ready for when they will no longer be able to work (and I do not believe SS as we know it today will be around).

[madison10]

Some of the Baby Boomers are not doing that great either. Sandwich generation.

[Vaduz]

All due to the high cost of medical weed poor babies.

[proxy_user]

The ones with a couple hundred thousand don’t waste their time on dumb surveys.

[Freedom_Is_Not_Free]

Young people never have much money. Why should Millenials be any different.

As a solid baby boomer, I remember driving around with $4 in my wallet and putting $3 in the gas tank so I had $1 left for emergencies. I remember buying my first home and having every cent wrapped up in that house and the mortgage and nothing beyond that.

Young people don’t have money. This is news?

[dragnet2]

A whole 1k?

Gee, that would almost cover new tires for the car.

[montag813]

Sadly, many NON-Millennial Americans also have less than $1,000 lying around.

[beethovenfan]

There’s always the basement in Daddy’s house.

[Craftmore]

well,,im 57 and I have less than 10 dollars in savings.