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Money is remaining a taboo subject for Millennials, which is leading to poor saving habits, a big four bank has revealed.

Survey data released by a major bank showed that 61 per cent of Millennials do not have a regular savings plan and wish they could have more open discussion to develop better ways to manage their money.

Only a third of Australians aged between 24-39 save occasionally, while just two in five have any sort of savings plan.

While having poor saving habits, a third of Millennials still don’t feel comfortable talking about money, but more than 50 per cent of Millennials are keen to talk about strategies to get ahead.

The research also showed that 14 per cent of Millennials are still living pay cheque to pay cheque.

When it comes to the financial achievements that make Millennials feel most ‘adult’, the most significant is buying a house (58 per cent), but less than a third (28 per cent) have done so to date.

Smaller, day-to-day wins that feel more achievable include having a full fridge of groceries (22 per cent) and paying for their own streaming services (12 per cent).

That is not to say Millennials have given up on their bigger financial ambitions, with more than half (58 per cent) saying they intend to buy a house within the next five years.

The bank’s spokesman, said Australians in this age group recognise the importance of having a savings plan but feel they need more strategies and tools to help them save better, with only 39 per cent having a savings plan that they work to each time they get paid.

“We recognise many young Australians want to be more in control of their spending so they can start focusing on longer-term goals, whether that’s saving for a rainy day or buying a home,” they said.