Millennials Finance Study 2014
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BuzzMG sits down with Millennials from all over the nation to talk about their financial stability, their employment situations, and their opinions on the economy.
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Millennials Finance Study 2014
- 1. Millennials Study 2014 What Millennials Really Think About Finance 02.17.14
- 2. Millennials Study 2014 What Millennials Really Think About Finance Who was Involved? Composed based on data from 1.1.2014 – 1.22.2014 431 Participants 3,000 Panelists 64% Female 36% Male Buzz Marketing Group’s Millennials Study 2014 is based on qualitative and quantitative research conducted with more than 400 buzzSpotters® throughout the United States during the month of January, 2014.This report is available for download at www.buzzmg.com/reports. Survey fielded online 18-22 23-26 27-31 32-35 Ages 18-35 21% 17% 31% 31%
- 3. Millennials Study 2014 What Millennials Really Think About Finance Location NY 16% Rest of USA 40% CA 14% IL 9% GA 6% PA FL 5% 4% TX 6%
- 4. Millennials Study 2014 What Millennials Really Think About Finance Ethnicity Mixed 4% Hispanic 12% Asian American 8% Black 16% White 60%
- 5. Millennials Study 2014 What Millennials Really Think About Finance Marital Status Single 25% Married 40% DaPng 6% In a relaPonship 29%
- 6. Millennials Study 2014 What Millennials Really Think About Finance Education Doctorate 2% Masters Degree 12% Bachelors Degree 43% High school diploma 27% Associates Degree 16%
- 7. Millennials Study 2014 What Millennials Really Think About Finance Employment A full-‐Pme home maker 13% Unemployed 3% Working part-‐Pme 13% A student 11% Self-‐ employed 7% Working full-‐ Pme 53%
- 8. Millennials Study 2014 What Millennials Really Think About Finance Household Income 39% 17% 18% 12% 11% 2% Less than $8,000 $8,000 -‐ $33,000 1% $33,000-‐ $82,000 -‐ $170,000 -‐ More than I don't $82,000 $170,000 $370,000 $370,000 want to specify
- 9. Millennials Study 2014 What Millennials Really Think About Finance From whom do you receive financial assistance? 23% 11% 6% 3% Family Government Friends Charity / Non-‐ profits 3% Religious OrganizaPons
- 10. Millennials Study 2014 What Millennials Really Think About Finance Which percentage of your income is disposable? 28% 25% 22% 13% 8% 5% 0% -‐ 10 % 10-‐ 20% 20%-‐30% 30% -‐ 40% 40% -‐ 50% More than 50%
- 11. Millennials Study 2014 What Millennials Really Think About Finance When you have extra money, what do you do with it? (Select all that apply)
- 12. Millennials Study 2014 What Millennials Really Think About Finance #1 (91%) Save #2 (86%) Spend
- 13. Millennials Study 2014 What Millennials Really Think About Finance #3 (54%) Invest #4 (50%) Donate
- 14. Millennials Study 2014 What Millennials Really Think About Finance Do you invest in stocks or bonds? Stocks Bonds Yes 32% Yes 44% No 56% No 68%
- 15. Millennials Study 2014 What Millennials Really Think About Finance Do you have a credit card? 78% 22% Yes No
- 16. Millennials Study 2014 What Millennials Really Think About Finance Do you feel financially secure? Yes 46% No 54%
- 17. Millennials Study 2014 What Millennials Really Think About Finance Do you record how much you are spending? 66% 34% Yes No
- 18. Millennials Study 2014 What Millennials Really Think About Finance Are you saving for retirement? 57% 43% Yes No
- 19. Millennials Study 2014 What Millennials Really Think About Finance Key Findings 54% of Millennials reported that at least 20% of their income is disposable 91% of Millennials save extra money compared to 54% who invest 78% of Millennials have a credit card Only 46% of Millennials feel financially secure 57% of Millennials are saving for rePrement
- 20. Contact Us Buzz Marketing Group 132 Kings Highway East Suite 202 Haddonfield, NJ 08033 856.433.8579 Fax: 856.520.8581 www.buzzmg.com