found that it would take the average millennial nine months of saving to recover a month's worth of expenses. That means that if they were unemployed with no income for six months, it would take them four-and-a-half years to recover their lost savings. Urban-dwelling millennials will likely take the longest time to recover, the report found.
This analysis was based on monthly average millennial household expenses of $3,770 and a post-tax monthly median household income of $4,240. It assumed a savings target of 10% of their take-home pay and that household incomes will return to their pre-COVID levels post-lockdown. It didn't account for the time it will take to reach full employment again or potential pay cuts, meaning the actual time to recover lost savings could be even worse.
It doesn't help that some banks are making their lending criteria more strict, the report stated, requiring higher credit scores and a larger minimum down payment. The , per the report, but some banks are now requiring the standard 20% down payment for mortgage approvals., it could all delay millennials' home purchase "by years."
Not so much a millienial issue as it beginning to taper more towards Gen Z. The older millennials are now 38
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Job postings see massive year-over-year declines due to the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
The coronavirus pandemic is hurting black-owned small businesses most - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Jeff Bezos' wealth has exploded to $150 billion since the beginning of the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TF Have a salad and relax 🥗 Olokito meo
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »