Fed:Gen Y prefer to live for today than save: survey

AAP General News (Australia)
08-05-2008
Fed:Gen Y prefer to live for today than save: survey

A new survey's found fewer than 40 per cent of young adults would have sufficient savings
to maintain their lifestyle if they lost their job tomorrow.

Most of those in the 21 to 34 age group live from pay day to pay day .. and spend most
of their disposable income without saving for major purchases or long-term investment.

The findings of 400 responses through Facebook show that despite the offer of high
interest rates on savings accounts .. more than 30 per cent claim to have no savings at
all.

Men appear to be the worst savers .. with 43 per cent saying they've put nothing aside
for a rainy day.

AAP RTV cb/rl/af/ibw

KEYWORD: SAVING (CANBERRA)

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