While our national economy slowly gets back onto its feet, Millennials are in the process of figuring out how to better their own financial situations as they move forward with their lives and careers.
There is no doubt that Generation Y has been thrown into a less-than-ideal situation, so Buzz Marketing Group reached out to thousands of 20somethings across the United States in order to gain insight into how they approach employment and finance.
In asking them about their financial security, over one-third (37%) of survey respondents admitted that they feel financial insecure. However, this insecurity seems to be fueling a generation of economically responsible individuals.
An incredible 79% of surveyed Millennials fully support themselves, with no help from family or friends; and this generation is continually looking ahead, with 53% already saving money for retirement and over half (52%) reporting that they save any and all extra income.
Yet, saving seems to be the go-to strategy for Generation Y as 77% of survey respondents state they do not invest in bonds and 68% state that they do not invest in the stock market at all.
If you’re interested in learning more, stay tuned for our Employment and Finance Report 2013!
- Posted by Shilpa Soundararajan
- On September 15, 2013
- 0 Comments