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More Than Half of Millennials Have Less Than $1,000

More than half of millennials (nearly 52%) have less than $1,000 in savings, according to a recent survey from howmuch.net, a personal finance site. The study was carried out online by Google Consumer Surveys last month among more than 2,550 people ages 18 to 24 and ages 24 to 35.

But notes MarketWatch, about 62% of Americans overall have less than $1,000 in savings, a survey from personal finance GoBankingRates.com found earlier this year.

RW