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More than half of all Millennials said they intend to buy a house within the next five years, but an equal number reported not having a regular savings plan, according to the CBA.
Australian Millennials don’t have savings plans while almost a third of them say they fail to regularly save, most are still optimistic they’ll be able to buy property in the next five years.
The alarming reality of Millennials’ finances has been exposed, with many living week to week and failing to save cash. See how you can better manage your money.
May 5 2021, 10:09 am | BY Ricki Green | No Comments
To celebrate the release of the 2021 editions of the Australian Millennial Report and Australian Generation Z Report, the researchers at Millennial Future have recorded a free podcast called
Millennial Australia in 8 charts. The 22 minute-long podcast covers the most significant themes shaping the lives of Australians aged 21-38.
Says Tom McGillick of Millennial Future: “This is our 4
th year, and each year we try to find a new way to present a sample of the reports. The 2021 Millennial report is less about demystifying what is now a fairly well understood segment of the population, and more about examining the causes of motivations, and the effects of behaviors of young Australians. We hope listeners of the podcast find something in there that they hadn’t previously considered.”