Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home

[Teeqoz]

irstupid said:

Teeqoz said:

Eh, it depends on when the cut-off point for millennials is. The "millennial" generation is typically considered to start somewhere in the span of 1977-1983, and ends some time between 1993-1996. If you take the earliest years for both, you have millennials in their 40s now, while the youngest are 25. I could see 1 in 6 in that age range having 100,000 in savings.

the survey said like ages 22-37 or something. 37 was the high end. Not sure what low end was.

But go and think of the first dozen people you can think of between those ages. Do you believe that at least two of them have 100k sitting in savings? 100k is a lot of money.

I live in Norway, so it isn't comparable, but if I do it anyway, then absolutely. Not 100k sitting in the bank of course, but mostly taking the market value of their house - their debt. Heck, I'd probably go as far as to say at least 1 in 3.