Millennials are saving but still worry about financial future

Revolut surveyed its 18-38 year old customers in the UK and Ireland to reveal their attitudes towards money.

The research has revealed that over two thirds of millennials are regularly saving, with half now enjoy handling their finances. However, two thirds of young consumers are still worried about their financial future.

Over the last few years, various studies have appeared to confirm a troubling pattern – millennials don’t save, they don’t care about their financial futures and they don’t know how much money they need to live on. But the research shows this simply isn’t true.

While older generations have accused millennials of valuing avocado toast and chai lattes above mortgages and pensions, the new data has revealed that the vast majority are regularly saving money. Despite this, almost two thirds (63%) are still worried about their financial future.

To read more, click here.