Biggest obstacles to saving money for British Millennials in 2016

This statistic illustrates the biggest obstacles to saving money for Millennials in Great Britain as of 2016. It can be seen that almost half (48 percent) of Millennials stated that the essential cost of living was one of the biggest obstacles to saving at that time.

Biggest obstacles to saving money for the Millennial generation in the United Kingdom (UK) 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

* Full survey question read as follows: "Which of the following, if any, are the biggest obstacles to you saving money?"

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."

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Statistics on "Millennials financial management habits in the UK"

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