Young Adults Begin to Save Money Earlier — and They’re Succeeding
年轻人要有多少存款，才能心不慌？
For young adults, a recent survey shows many millennials and Generation Z are taking an active role in building their futures. Nine in 10 have already opened savings accounts.
The poll, by Travis Credit Union, surveys 1,879 Millennials and Generation Z (born between 1981 and 2012) to discover their financial plans. Not surprisingly, 99 percent of young adults say saving money is important. The question researchers wanted to answer was: are people just saying that or are they putting their money where their mouth is?
What are young people saving money for?
On average, respondents begin saving money at age 19. Young men tend to have more in their bank accounts, saving an average of $16,631 compared to $11,649 by women. More than half of the survey say they add to their nest egg every month.
The study finds young adults have big dreams when it comes to their money and the “long game” is very important to them. Thirty percent say they are saving to buy a home. Other goals include saving up to travel (11%), buying a car (8%), education costs (8%), and weddings (2%). Two-thirds of the poll add they’re right on track to hit their respective goals.
Finances especially stressful during a pandemic
Despite good savings habits, eight in 10 people say saving money still gives them stress and anxiety. Most of the angst revolves around possible job losses, family and medical emergencies, and home or car repairs.
On average, researchers say young adults can survive 4.5 months on their emergency funds. Nearly 40 percent have had to tap into their savings due to the COVID-19 pandemic. Food, car payments, utilities, health care, credit card debt, student loans, and rent expenses have all contributed to eating up people’s hard earned money.
Despite anxiety and stress about their finances, 46 percent say they’re satisfied with what they have saved and three in four people are optimistic about the future.
对于年轻人来说，最近的一项调查显示，许多千禧一代和Z一代正在积极构建自己的未来。90%的人有储蓄账户。
