Over half of millennials have less than $1,000 in savings

[slow99]

Can't say that I'm shocked, but damn this is eye-opening.

Study finds that 52% of millennials have less than $1,000 in savings, while 62% of American overall have less than $1,000:

http://www.marketwatch.com/story/more-than-half-of-millennials-have-less-than-1000-2015-12-14?dist=lcountdown

[Tremor14]

how much should one have in savings versus their age?

cause a millennials would be roughly 25-35? how much time have they had to start saving if they are paying off college debts or establishing themselves in life?

[Strychnine]

That's about how it's been for the past 5-10 years right?

I'm somewhat surprised, but at the same time I'm not. Just think, if they aren't saving any money for unexpected "real time" expenses, what are they saving for retirement? I'll bet it starts with a Z and rhymes with 'hero'

[Snatch Napkin]

A helluva lot more than a grand.

[Broncojohnny]

But the economy is doing great!?

[Tremor14]

Understood, what is the actual age group of the Millenials? I graduated in 2000, so is that me?

[Tremor14]

But the economy is doing great!?

you're buying a ZR1, right? Is Michelle working in the new building off PGBT/Jupiter? Raytheon is chuggin along.

[0393gt]

Understood, what is the actual age group of the Millenials? I graduated in 2000, so is that me?

I graduated in 99, and no, I don't believe that is us. We are about 5-8 years older than them I would say.

[LANTIRN]

Understood, what is the actual age group of the Millenials? I graduated in 2000, so is that me?

I think it is anyone born after 1990 but I am not sure. Still, $1,000 isn't a big cushion considering how much shit costs anymore.

[GhostTX]

And the average American has $5,000 in credit card debt.

[Tremor14]

I think it is anyone born after 1990 but I am not sure. Still, $1,000 isn't a big cushion considering how much shit costs anymore.

ok good. and i keep a double digit - and a comma number in that acct.

[bonnie&clyde]

I ain't gonna lie, I ain't got shit saved, really gonna work on it this coming year, gonna buckle down and cut down on unnecessary items

[Tremor14]

I ain't gonna lie, I ain't got shit saved, really gonna work on it this coming year, gonna buckle down and cut down on unnecessary items

respect to you, we met, you were on shift in your work truck, i was late trying to get over there from my office. fuck what anyone says you should be doing. you got your shit together, keep on truckin man. a lot of these dudes got 10+ years on us, and successful baby mommas.

[1carcrazyguy]

A typical forums members reply would go something like.....

Nothing wrong with 4 digit riches! At least I don't live pay check to paycheck and we have a few cowhides we can sell if we ever start running low! Dfwthousandaires.com

[91CoupeMike]

Damm, guess I'm doing better then most, and I have zero debt. Just bills.