Chart: Do Millenials Save?
According to this survey (hat tip, Economist), they do in England:
From the Economist:
So, not only are Britain’s young labouring under the weight of poor job prospects and a bubbly housing market; instead of using what little disposable income they have to have a good time, they’re also being terribly responsible with their finances. How depressing is that?
Activity idea: Webquest to find comparable data in the US. Are millenials saving to the same degree in America?
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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