Across the board, Americans are struggling with their finances. Student debt is continuing to skyrocket, the average retirement age is slowly climbing, and 65% of Americans have little or nothing in their savings accounts. For Millennials, the problem is only exacerbated—most plan to retire at 60, yet a staggering 66% have nothing saved for retirement. On top of that, 76% of those aged 16 to 25 believe that they’ll have a better financial future than their parents, and 81% plan to own a home, despite the fact that 30% have skipped a meal due to lack of funds. As of 2017, most young Millennials had less than $1,000 in their savings accounts, and nearly half had nothing saved at all.
