Share of Millennials With Zero Savings Grew

By:
Chris Gaetano
Published Date:
Feb 12, 2018
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A recent survey has found that the share of millennials with zero savings at all has grown from 31 percent in 2016 to 46 percent in 2017, according to CNBC. The picture doesn't look that much better for older people within this spectrum: of those aged 25 to 34, the rate of those with zero dollars saved went from 33 percent to 41 percent. At the other end, CNBC also reports that the one in six millennials now have $100,000 or more in savings, or roughly 16 percent. So while it would seem that some have improved their financial situations significantly, it would seem that many more are living increasingly precarious lives. 

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