51% of Millennials have less than $1000 in savings

• DeyDurkie5

  

  Who the fuck cares what other people do with their money?
  
  Talk about a "back in my day" old fuck
• Heretic

  

  DeyDurkie5;1769124 wrote:Who the fuck cares what other people do with their money?
  
  Talk about a "back in my day" old fuck

  That is an old person thing. I was recently reading on Deadspin a column about how some old, rich college ADs were bitching because college athletes aren't spending their small stipends responsibly enough for their tastes. Came off as this, "We didn't want to give you anything, but we were told to...and you're spending it on tats!!!??? WAAAAHHHHHHHHH" thing.
• FatHobbit

  

  gut;1769096 wrote:For purposes of this study, I think, 401k would be considered savings.

  I don't see it now, but I would have bet money the article excluded retirement. I think you're right. In that case I have at least $2000 in savings
• gut

  FatHobbit;1769140 wrote:I don't see it now, but I would have bet money the article excluded retirement. I think you're right. In that case I have at least $2000 in savings

  Yeah, the way the questions are framed it looks like it was probably just referring to a bank savings account. But the studies I've seen usually consider 401k/IRA, etc..Most people don't put anything into those until they get close to 50 and say "oh shit, I have nothing saved for retirement"
• gut

  The other funny thing about that survey - women save more on average, until they get into higher incomes then they save less than men....Because shopping :laugh: