Like most Americans, Millennials aren’t saving enough. A new GOBankingRates analysis has revealed that 69% of Americans have less than $1,000 in their savings accounts, and 34% have nothing saved. Millennials are “no exception”: 72% of younger Millennials (between 18-24-years-old) reportedly have less than $1,000 in their accounts and 31% have nothing saved, while 67% of older Millennials (between 25-34-years-old) have less than $1,000 saved and 33% have nothing saved. (We keep close tabs on Millennial saving in our quarterly financial tracker.) (CNBC)
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