Tags: Polls | Retirement | Travel | td ameritrade | stock market

43 Percent of Millennials Saving for Vacation

43 Percent of Millennials Saving for Vacation
(Juan Moyano/Dreamstime)

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Monday, 09 July 2018 05:25 PM Current | Bio | Archive

July 9, 2018: Forty-three percent of millennials are currently saving for a vacation, 39 percent are setting aside money in some sort of emergency fund, and 38 percent are saving for retirement.[1]

Data from a TD Ameritrade study also shows that 26 percent are saving for home improvements, 25 percent for their children’s education, 24 percent for health or a medical emergency, and 21 percent for a down payment on a home.

Six percent are not saving at all. Fifteen percent are setting aside some money but don’t have any particular use in mind.

The study also showed that half of millennials invest in the stock market, yet only 32 percent believe they are very knowledgeable about investments. Among male millennials, 66 percent invest while 49 percent believe they are very knowledgeable. For female millennials, the numbers are 39 percent and 19 percent respectively.

An earlier Number of the Day noted that 17 percent of millennials are financially dependent on their parents. Another showed that the average millennial expects to retire at age 56.

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Footnotes:

  1. TD Ameritrade, "2018 Millennials and Money Survey," accessed July 6, 2018

  1. Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.?

    Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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39 percent of Millennials are setting aside money in some sort of emergency fund, and 38 percent are saving for retirement.
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2018-25-09
Monday, 09 July 2018 05:25 PM
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