Who: Damn Millennials
When: January 2018
Why: Millennials are making sacrifices to get ahead.
Must stand up for my generation here! Our generation gets a bad reputation. One of my goals with this site was to help combat this.
It is great to see millennials working hard to set themselves up with money. The article from USA Today highlights that the millennial generation is doing better than most think.
1 in 6 having 100,000 in savings is fantastic. Another eye-opening stat was that 47% have 15,000 saved. This shows me that half of a generation is capable of saving.
My hope is that those who are focused stay focused and we can help change the rough retirement readiness statistics in this country.
Other than retirement having financial footing will allow this new generation to take risks and hopefully accomplish more in their careers. I am a big fan of using finances to better life along the way.
Big shout out to those millennials who are working hard on their finances. If you are a millennial that is not in the 47% with 15,000 saved don’t get discourage! Set a plan on how you will build wealth and get to work.
It is important to stay motivated and to set your goals high!
What Are Your Thoughts?
- Of the millennials you know are they focused on investing and earning?
- Do you think this is a good sign for future generations?
- Can the millennial generation use this momentum to keep it up?