Sponsored news – Millennials have a ways to go before fully establishing their footing as adults. However, many of them are much better at saving money than the past generations.
This is one of the fascinating findings from Fidelity Investments’ second biennial “Millennial Money Study.”Yes, 47 per cent of those surveyed admitted that their parents had helped them to cover their expenses since becoming independent. This includes everything including cell phones (21%), clothing (16%) and rent/mortgages (12%) Most have probably used that cushion to help save money.
How much money? You’re ready to invest? 59 per cent have a bigger emergency fund at an average $9,100 than Gen-Xers or Boomers.
