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Almost one-third of millennials found themselves without enough money in their bank account to cover expenses at least once over the past 12 months, compared with 28 per cent of Gen Xers and 17 per cent of boomers. Millennials were also more likely to say they’d run into trouble making a mortgage payment if the prime earner in their household became unemployed.
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Is it really surprising that the older people they get the higher their income and the more savings they have? Historically, people have been poor in their 20s, getting their feet under them in their 30s, in their prime earning years in their 40s, and enjoying the fruits of their labour in their 50s.