How much money do most millennials have in their savings?
Want to hear a staggering statistic? 51% of millennials have less than $1,000 in their bank accounts. Want to hear something even sadder? 62% of all adults have less than $1,000 in their bank accounts. What does this mean for Americans? It means that none of us have cushions to rely on in the future and, even worse, will most likely end up swimming in credit card debt should we lose our jobs or wish to pursue higher education. Cheers!