A Majority of 18- to 29-Year-Olds Save More than 5% of their Pay
Fully 62% of 18- to 29-year-olds save more than 5% of their pay, up from just 42% last year. Millennials say that they want to put away funds for emergencies and big purchases; this impressive year-over-year jump could indicate that more of them are moving up the career ladder and can afford to save more.