Millennial Savings

https://www.cnbc.com/2017/09/14/how-much-money-the-average-millennial-has-in-savings.html

Of "young millennials" — which GOBankingRates defines as those between 18 and 24 years old — 67 percent have less than $1,000 in their savings accounts and 46 percent have $0.

While an alarming amount of young people have little to no savings, "on the other end of the spectrum, some millennials seem to be taking steps to increase their savings account balances," the site reports. "From 2016 to 2017, the percentage of younger millennials who have $10,000 or more in a savings account has jumped five percentage points."

Here's the percentage of the survey respondents aged 18 to 24 who have:

$0 saved: 46 percent
Less than $1,000 saved: 21 percent
$1,000 to $4,999 saved: 15 percent
$5,000 to $9,999 saved: 5 percent
$10,000 or more saved: 13 percent

As for "older millennials" — defined as those between 25 and 34 — the trends are similar: 61 percent have less than $1,000 in their savings accounts and 41 percent have nothing at all:

Here's the percentage of the survey respondents aged 25 to 34 who have:

$0 saved: 41 percent
Less than $1,000 saved: 20 percent
$1,000 to $4,999 saved: 13 percent
$5,000 to $9,999 saved: 6 percent
$10,000 or more saved: 20 percent