Reasons for saving and borrowing for Millennials in Great Britain 2016

This statistic illustrates reasons for saving and borrowing money for the Millennial generation in Great Britain as of 2016. It can be seen that more than one third (34 percent) of Millennials stated that they were saving money for a 'rainy day' at that time.

Reasons for saving and borrowing money for the Millennial generation in Great Britain as of 2016*

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Source

Release date

August 2016

Region

United Kingdom (Great Britain)

Survey time period

25th July to 9th August 2016

Number of respondents

962 respondents

Age group

18-35 years

Method of interview

Online survey

Supplementary notes

From the source: "ComRes interviewed 962 British adults aged 18-35 online between 25th July and 9th August. Data was weighted to be representative of all British adults aged 18-35 by gender, age and socio-economic grade, and to be representative of all British adults by region. ComRes is a member of the British Polling Council and abides by its rules."
*Full survey questions: "Over the last six months, which of the following, if any, have you been saving towards? Over the last six months, which of the following, if any, did you borrow money for? When thinking about borrowing money, this could be from any source."

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Statistics on "Millennials financial management habits in the UK"

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