Millennials are sensible about saving – but not for a first home

Millennials are sensible about saving – but not for a first home

TopCashback’s research on millennials, deemed be those born between 1977 and 1995 as reported on MoneyWise showed “Top of their savings wish list is saving for an emergency fund. After that comes a ‘savings cushion’, financial freedom, money to travel, then a house deposit.”  The article states that “interestingly, two in five 20- and 30-somethings rate financial freedom– a vague concept – higher than saving for a house deposit which is a much more concrete wealth-building idea. Only just over a third (35%) say that saving up for a deposit for their first home is a priority.”  Read the full article here.

 

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