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Scott Rasmussen's Number of the Day for July 9, 2018
The Number of the Day columns published on Ballotpedia reflect the views of the author.
July 9, 2018: Forty-three percent (43%) of millennials are currently saving for a vacation, 39% are setting aside money in some sort of emergency fund, and 38% are saving for retirement.[1]
Data from a TD Ameritrade study also shows that 26% are saving for home improvements, 25% for their children’s education, 24% for health or a medical emergency, and 21% for a down payment on a home.
Six percent (6%) are not saving at all. Fifteen percent (15%) are setting aside some money but don’t have any particular use in mind.
The study also showed that half of millennials invest in the stock market, yet only 32% believe they are very knowledgeable about investments. Among male millennials, 66% invest while 49% believe they are very knowledgeable. For female millennials, the numbers are 39% and 19% respectively.
An earlier Number of the Day noted that 17% of millennials are financially dependent on their parents. Another showed that the average millennial expects to retire at age 56.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- July 6, 2018 – 19 percent of American workers work for companies less than 10 years old
- July 5, 2018 – 23 percent of working age Americans get enough exercise
- July 4, 2018 – 242 years ago today, colonial politicians caught up to the colonial culture
- July 3, 2018 – 62 percent of news is seen as biased
- July 2, 2018 – 122 years ago yesterday, Harriet Beecher Stowe died
- To see other recent numbers, check out the archive.
Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 8:00 a.m. Eastern. Click here to check out the latest update.
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Columns published on Ballotpedia reflect the views of the author.
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