Here\’s how millennials are saving

The percentage of millennials with $0 in savings is growing. In 2017, 46% of millennials (aged 18-24) surveyed by GoBankingRates had no savings, up from 31% in the previous year. On the opposite end of the survey, 13% of millennials surveyed said they held $10,000 or more, up from 8% the year before. Among older millennials (aged 25-34) 41% surveyed had $0 in savings in 2017, when 33% said they had $0 in savings just the year before. The rising number of millennials with no savings coincides with an era of rising student debt and increasing national income inequality. • Do you think that you are saving enough from your salary?

 

https://www.linkedin.com/search/results/content/?keywords=Here%27s+how+millennials+are+saving&origin=FED_EMAIL&anchorTopic=636714&midToken=AQG8saTj-Q4tmA&trk=eml-email_feed_ecosystem_digest_01-hero-1-null&trkEmail=eml-email_feed_ecosystem_digest_01-hero-1-null-null-2e4xjy~jdm49o64~fn-null-neptune%2Fsearch%2Eresults%2Econtent&lipi=urn%3Ali%3Apage%3Aemail_email_feed_ecosystem_digest_01%3Bvn%2Ff2BJ0S6CASr5eEhjOTg%3D%3D

 

https://www.cnbc.com/2018/02/09/a-growing-percentage-of-millennials-have-absolutely-nothing-saved.html

 

I think the trend is the same even in Kenya, Young people would rather have the latest cloth fashion, hang out in the coolest places, spent a lot on drinks and friends, get into debt and save nothing!

 

At Britam we have several saving plans to help you manourve in the different stages of life.

Lets talk this out. gallywexa@gmail.com, 0712-870-447 Gallin Wekesa.