Millenials not saving money

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NEW YORK, New York — It seems millenials are not saving for a rainy day.

According to a new report from Moody’s Analytics, adults under the age of 35 have a savings rate of -2 percent.

That means they’re burning through their money and going into debt despite recent economic growth and job creation.

2 comments

  • Oh No

    Not surprised. Maybe they can’t save money cause the majority are too busy living with their parents, paying off $50k+ in student loan debt with the money they earn from their part-time $7.50/hour jobs.

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