The characteristics, challenges and saving habits of Millennials

Posted by Anjali_kashyap 4 days ago (https://www.intellisaving.com/2022/06/the-characteristics-challenges-and-saving-habits-of-millennials)

Description: Millennials face many obstacles that prior generations have faced, such as difficulty finding jobs and being unable to afford to buy their own house or rent their own flat, though this challenge has become more prominent over time compared to previous generations because of rising prices. Another difficulty faced by millennials and adults, in general, is not able to afford to pay all their living costs. 23.7 million adults (45%), according to a 2020 FCA.org survey is, borrowing or unable to pay their household costs for three months or more. However, according to ONS, those aged 25-64 who can afford to live alone spend a vast amount of their earnings on rent, mortgages, and other housing costs, such as electricity, water, and Council Tax.

Category: Business

Tag: App for saving, Best app for finance management, smart saving account application

Share