Chart: Do Millenials Save?

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Feb 17, 2016
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Question of the Day, Budgeting, Savings, WebQuest, Current Events, Chart of the Week

According to this survey (hat tip, Economist), they do in England:

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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 Ranzetta

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.