Despite the notion that the 2.3 million adults living with their parents are saving money for a property, a new survey shows that 50% of millennials have less than $1,000 of savings, in addition to being burdened with student debt. Maybe. The survey, conducted by Bankrate.com, found that only 25% of those surveyed had more than $10,000 saved up and just 15% said they were “comfortable” having no savings at all.
Despite the notion that the 2.3 million adults living with their parents are saving money for a property, a new survey shows that 50% of millennials have less than $1,000 of savings, in addition to being burdened with student debt. The survey, conducted by Bankrate.com, found that only 25% of those surveyed had more than $10,000 saved up and just 15% said they were “comfortable” having no savings at all.