Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: Palumboism on December 12, 2015, 07:54:43 AM
-
The Majority of Millennials Have $1,000 or Less in Savings
How much.net
11 December 2015
Millennials are projected to number 75.3 million for 2015, surpassing a projected 74.9 million for Baby Boomers. The Millennials will therefore comprise a greater percentage of the population than Baby Boomers for the first time. To gain insight into the saving habits of Millennials, we recently performed a survey of those from the ages of 18 to 34. We received 2,585 responses to our survey. The results of our survey found that over 50% of Millennials have less than $1,000 in savings.
(http://howmuch.net/content/images/1600/millenials-savings-main-chart-111-7157.jpg)
For those surveyed, we found that:
51.8% of Millennials have less than $1,000 in savings.
18% of Millennials have savings of $1,000 to $5,000.
7.3% of Millennials have savings of $5,000 to $10,000.
6.4% of Millennials have savings of $10,000 to $20,000.
16.5% of Millennials have savings of more than $20,000.
http://howmuch.net/ (http://howmuch.net/)
America is failing this generation miserably.
-
Probably the same 51% raised by single moms. What do you expect.
-
The Majority of Millennials Have $1,000 or Less in Savings
How much.net
11 December 2015
Millennials are projected to number 75.3 million for 2015, surpassing a projected 74.9 million for Baby Boomers. The Millennials will therefore comprise a greater percentage of the population than Baby Boomers for the first time. To gain insight into the saving habits of Millennials, we recently performed a survey of those from the ages of 18 to 34. We received 2,585 responses to our survey. The results of our survey found that over 50% of Millennials have less than $1,000 in savings.
(http://howmuch.net/content/images/1600/millenials-savings-main-chart-111-7157.jpg)
For those surveyed, we found that:
51.8% of Millennials have less than $1,000 in savings.
18% of Millennials have savings of $1,000 to $5,000.
7.3% of Millennials have savings of $5,000 to $10,000.
6.4% of Millennials have savings of $10,000 to $20,000.
16.5% of Millennials have savings of more than $20,000.
http://howmuch.net/ (http://howmuch.net/)
America is failing this generation miserably.
There's nothing behind this because most people no longer have savings accounts since they are practically useless being that they generate no money. People nowadays have IRAs, 401K's and other proactive commodities.
-
There's nothing behind this because most people no longer have savings accounts since they are practically useless being that they generate no money. People nowadays have IRAs, 401K's and other proactive commodities.
First, the article mentions nothing about savings accounts. It mentions "dollars in savings". Second, stating that most people no longer have savings accounts because they're useless? That's a completely false statement.
-
The age range for millenials is pretty broad(18-35) so the 18-22 year olds definitely bring down that average quite a bit. I doubt that most 30 year olds have less than 1k in savings. If they do, they failed at life.
-
I'd panic if I ever had only one thousand or less in my bank account. Actually, make that 10 grand.
-
The age range for millenials is pretty broad(18-35) so the 18-22 year olds definitely bring down that average quite a bit. I doubt that most 30 year olds have less than 1k in savings. If they do, they failed at life.
(http://howmuch.net/content/images/1600/age-group-millenials-savings-e313.jpg)
-
So America is failing them? Couldn't be there own fault could it ::)
-
So America is failing them? Couldn't be there own fault could it ::)
The job market for the last seven years has been brutal, especially for those just starting out. What has the American government done to stimulate job growth or bring jobs back to America. I know Fortune 500 CEO's have been working overtime to ship jobs over seas by the thousands.
-
(http://howmuch.net/content/images/1600/age-group-millenials-savings-e313.jpg)
Damn, that's brutal.
-
Probably the same 51% raised by single moms. What do you expect.
x2
-
The job market for the last seven years has been brutal, especially for those just starting out. What has the American government done to stimulate job growth or bring jobs back to America. I know Fortune 500 CEO's have been working overtime to ship jobs over seas by the thousands.
These are the same idiots that voted for an incompetent, inexperienced, egomaniac for POTUS because they wanted to show they were "cool" with a black president - so fuck them
-
These are the same idiots that voted for an incompetent, inexperienced, egomaniac for POTUS because they wanted to show they were "cool" with a black president - so fuck them
Oh here we go again
-
And that "cool" black president turned around and fucked them in the wallet. Seriously, they took the brunt of this seven year recession.
You reap what you sow. They actually believed a teleprompter reading stooge knew anything about fixing the U.S. economy.
Generation Sheep and their Occupy Wall Street temper tantrum.
Fuck them.
-
The job market for the last seven years has been brutal, especially for those just starting out. What has the American government done to stimulate job growth or bring jobs back to America. I know Fortune 500 CEO's have been working overtime to ship jobs over seas by the thousands.
Quit being a baby. Some folks are just not smarter than others, and these 51% didn't learn simple math in school. They're lazy idiots plain and simple. Don't live above your means and you'll have money in savings.
-
Quit being a baby. Some folks are just not smarter than others, and these 51% didn't learn simple math in school. They're lazy idiots plain and simple. Don't live above your means and you'll have money in savings.
I'm not a Millennial and I'm comfortable financially. I understand that they aren't saving as much as they should, but they're probably not making as much as they should be either. It's hard to negotiate a fair salary when there are so many qualified people willing to work for less.
-
I'd be worried if my bank account dropped below 5.2 million. ;D
-
So America is failing them? Couldn't be there own fault could the constant raising of goods and the value of money going down has taken its toll on Americans. For instance I use to grocery shop for my self for $100 ...now its 140-150. X's that for a large family..pay utilities..which have raised..house payment and you will have nothing left
-
was done on less than 3k people!
Not sure that's conclusive.
-
we're going to wait for trump to deport 8% of the population.
Then we will steal the stuff they leave behind. When he's shipping their asses away, they can't take all the houses and cars and couches and footstools with them.
*Claimed*
-
Don't live above your means and you'll have money in savings.
End thread
-
The middle class seems to be thriving... :o
-
We have savings account that we keep liquid but only keep enough in for about 3-6 months living expenses. But that aside from our retirement and stock.
-
I'm not a Millennial and I'm comfortable financially. I understand that they aren't saving as much as they should, but they're probably not making as much as they should be either. It's hard to negotiate a fair salary when there are so many qualified people willing to work for less.
It's supply and demand. There's obviously too many people in those fields. Maybe instead of going to college for five years for an English degree, they should've gone to trade school. I'm in construction and I pay my best PM $1,750 a week and he has no college degree.
-
I've also read that the majority of people in the US have less than 50K in their 401k.
Here are some sobering facts:
•38% of all American workers made less than $20,000 last year.
•51% of all American workers made less than $30,000 last year.
•62% of all American workers made less than $40,000 last year.
•71% of all American workers made less than $50,000 last year.
The beginning of the end of the US started as soon as manufacturing jobs began leaving the country in the 90's. We now have an 80% service based economy. Even more jobs will disappear when robots are fully integrated and replace most human tasks... that is happening right now.
The US is basically finished, most here do not realize this yet.
-
The once-strong middle class no longer dominates America.
by Tami Luhby December 9, 2015
Middle class Americans now comprise less than half, or 49.9%, of the nation's population, down from 61% in 1971, according to a new Pew Research Center report. For Pew, middle class Americans live in households earning between two-thirds to two times the nation's median income. In 2014, that ranged from $41,900 to $125,600 for a three-person household.
(http://i2.cdn.turner.com/money/dam/assets/151208173918-chart-middle-class-shrinking-780x439.jpg)
(http://i2.cdn.turner.com/money/dam/assets/151208173919-chart-middle-class-share-of-income-780x439.jpg)
(http://i2.cdn.turner.com/money/dam/assets/151208173906-chart-middle-class-wealth-gap-widens-780x439.jpg)
http://money.cnn.com/2015/12/09/news/economy/middle-class/ (http://money.cnn.com/2015/12/09/news/economy/middle-class/)
-
So America is failing them? Couldn't be there own fault could the constant raising of goods and the value of money going down has taken its toll on Americans. For instance I use to grocery shop for my self for $100 ...now its 140-150. X's that for a large family..pay utilities..which have raised..house payment and you will have nothing left
Geez I must be a financial genius, I have managed to be debt free by 45
-
People are just getting worse and worse with money. Today everyone needs a cell phone and cable/internet. There $300 a month. Plus were bombarded with advertisements,social media,tv,internet telling us to keep up. Advertisers spend billions to keep us unhappy and having to go buy the next thing and today its all over us 24/7. Just google a product and then it shows up on your phone, in your email, every website. No wonder nobody has money. Very few are good with their money, thats why I think the gap is growing.