We hear it all the time that millennials are too busy spending to bother saving. Those of us who live in expensive cities like London, spend so much on rent that there’s no hope of ever being able to afford a house of our own. So why bother saving at all? Much better to spend what’s left of your hard earned cash after paying your rent and coughing up for public transport, and have some fun with it on a Friday night out, or a decent avocado on toast for brunch.
Well, that’s what people would have you believe. But increasingly, it seems as if those in their twenties are the ones most likely to save – particularly compared to those in their thirties. In the summer, I wrote about research that showed that millennials – or those aged 24-35 – were choosing to put large sums of money into their pension plans.
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