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Rainer
57,189
Jack Gerbehy
Egg Harbor Township, NJ

What saving... 

Jan 03, 2016 05:14 PM
Rainmaker
4,936,677
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I hate to say this but most of them live down town and party lots so maybe a $2000 in a bank account.

Jan 03, 2016 10:06 AM
Rainer
150,416
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

I would imagine that many are in negative numbers.

Jan 03, 2016 09:34 AM
Ambassador
1,452,819
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

18 - 33 year olds?  I'd say it varies greatly.  It would depend on whether or not they had helicopter parents too.    If they've been allowed to grow up I'm sure they're doing fine!

Jan 03, 2016 06:28 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Conrad, the only way to know the answer to that question is to ask them.  Based on what I read in the media ... it might lean toward the little to none category.  I just don't like lumping people into groups. We are not one size fits all.

Jan 03, 2016 05:29 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Conrad,

It depends.  We know several wealthy millenials who created their own wealth and continue to be successful, as well as some who inherited the $$$ and have continued to grow the money...we can't paint everyone  with the same brush.

Jan 03, 2016 05:22 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Best guess, for most not much if anything!

Jan 03, 2016 07:51 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Conrad. Not that much. I see it first hand, best guess would be $10,000 and in many cases, less than that.

Jan 03, 2016 06:08 PM
Rainmaker
2,759,812
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Conrad. Only they know for sure.

Jan 03, 2016 05:26 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Conrad Allen - I'd guess, not much!

Jan 03, 2016 02:16 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

Each millenial will be different, just like any other generation.

Jan 03, 2016 12:05 PM
Rainer
140,560
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

zero

Jan 03, 2016 11:09 AM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I would not dare generalize that age group financially.

Jan 03, 2016 11:06 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

On average I have no idea.  I can only speak to my own child and the answer is not too much.  She works and makes good money, but has continued to further her education without loans so she spends money on tuition and books all the time.  Her 401k is pretty nice looking though.

Jan 03, 2016 11:02 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

So is this another trivia question? I have no idea and I really don't care. 

Jan 03, 2016 10:46 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

My youngest kids are at the top of end of Millenials age range and I would say they have several thousand saved and continue to save. But to ask them they would say them don't have much.

Jan 03, 2016 07:35 AM
Rainer
80,653
Linda Guess
Keller Williams Tri-Lakes Branson, MO - Branson, MO
Branson area real estate sales.

Most millennials probably do not have much money in savings.  My grandson is probably an exception.  He saved cash to buy his BMW.  He is now in the Phillipeans for a month vacation and when he returns he will save to buy his first home.  We are very proud of him.   Although he is younger than  milennial, we are still proud.  My grandson that does qualify as a milennial does not have any savings at this time.

Jan 03, 2016 06:19 AM
Rainmaker
1,770,282
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Millennials might not have much in savings, but I think their parent's generation has a tremendous amount of wealth. Will be interesting to see how that transfers over the next 20-30 years.

Jan 03, 2016 05:41 AM
Ambassador
2,161,048
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

No, I only know how muc I have in savings. ;-)

Jan 03, 2016 05:30 AM
Rainmaker
564,720
Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

From what I keep hearing and reading, not much.  I wonder if it's negative.  I hope not.

Jan 03, 2016 05:27 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I'm guessing less than $50K.

Jan 03, 2016 05:24 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I would say Zero

Jan 03, 2016 05:20 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Nor enough.

 

Jan 03, 2016 05:18 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Conrad - Based on my daughter and her friends, I would say almost nothing. If you listen to the news, they say that is the one thing preventing millennials from buying a home (lack of savings). However, I am sure that there are others who are doing just fine with their savings. People don't like to be categorized these days.

Jan 04, 2016 10:23 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Maybe $1,000? Probably the answer depends on the age of the millenial.

Jan 03, 2016 08:49 PM
Rainmaker
856,055
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Just from what I have read here and there.  Savings are small as are their debts.  Mark

Jan 03, 2016 01:14 PM
Rainmaker
108,016
Scott Lawson
America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA
Mortgage Broker FHA, VA, refinance or purchase

Millennials?.....nada....

Millennial parents are loaded though....I work with a lot of them and gift funds are common on almost every deal...

Their biggst issue is they don't like to do any work to get a deal done...They have an app for everything except a real estate transaction...

Jan 03, 2016 08:53 AM
Rainmaker
432,957
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Over $20,000- they all still live with their parents.  badumdadum...  lol

Jan 03, 2016 06:29 AM