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Most Millennials have less than $1000 in savings.

Stashed in: Business Facts, Young Americans, Wealth!, Awesome, Infographics!, Demographics, Millennials

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The majority of millennials are living paycheck to paycheck. 

A recent survey of millennials by found that 51.8% of those aged 18-34 have less than $1,000 held between bank accounts and cash savings. 

This echoes previous data we’ve seen – not just on millennials, but Americans in general. For example, we know that 14% of Americans have “negative” wealth. We also know that 62% of Americans don’t have emergency savings that could cover a $1,000 hospital visit or a $500 car repair.

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