60% of Millennials Don’t Have $500 in Savings Ahead of Next Recession

By Tyler Durden | 18 April 2019

ZERO HEDGE — Almost ten years after the Great Recession ended, a new survey reveals millennials have no savings amid rising probabilities of an imminent recession.

Banking company Varo Money found that six out of ten millennials don’t have $500 to cover their rent or food expenses, in the event they lose their jobs in the next downturn. That percentage is slightly higher for millennial women, 65% of whom don’t have any savings at all. Suggesting when the next economic downturn strikes, these youngsters will have no financial cushion – could send them back to their parents’ basement.

When it comes to saving for the rest of the deadbeat nation, the picture is equally worse. […]

Be the first to comment

Post a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Winter Watch

Discover more from Winter Watch

Subscribe now to keep reading and get access to the full archive.

Continue reading