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mysteryman on 24 January 2018
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OhNoYouDont said:
Ganoncrotch said:

Some people are happy to not save, I've 2 mates who are perfectly happy to get their wages each week and spend them all before the next pack arrives, I would feel unwell if I didn't have at least the next few months / years rent in the bank. That was how I started off saving, just each month I would put away the following months rent asap, then I started to make a game of it, see if I could get the next months rent again before it would even start.... currently where I'm living I have.... 61 months rent saved up! It's a fun game :D

It's rather nice knowing I could lose my job(s) and just sit on the couch for 5 years wondering what to do next.

I really hope you don't have that in a savings account where it's earning less than 1% interest when you could be earning 10+% in the stock market with that money.

mysteryman said: 

It’s interesting that the results are very similar regardless of age. 

Interesting is the wrong adjective. Terrifyingly irresponsible comes to mind.

What I mean to say is that average saving habits haven’t changed. So what is the driving factor behind a lower percentage millenials in the housing market?