Comments on: Millennials in Australia Are Prioritizing THIS Over Traveling

By: Jenny Sullivan

Jenny Sullivan — Wed, 11 Jul 2018 10:13:57 +0000

Wow, the dynamics in other westernized countries for millennials has changed compared to that of the United States. While most of us think of traveling, a 27 year old Australian has already begun sorting out his mortgage payments…craazy

By: Rana

Rana — Tue, 10 Jul 2018 15:00:06 +0000

New data from Westpac shows just what millennials are saving for

By: Kennthebuilder

Kennthebuilder — Tue, 10 Jul 2018 07:04:08 +0000

Talk about getting your stuff sorted out early. I totally agree with Jenny. As Americans, we have got all our priorities misplaced. We’re blowing all our money travelling around the globe instead of finalizing the most important things such as our mortgages and investments. We need to borrow a leaf or two from our Aussie bros….

By: The Old Man

The Old Man — Tue, 10 Jul 2018 02:39:41 +0000

It’s quite disappointing that some older generations tend to spend their money on senseless things than these young, working adults who are now preparing for their future. Kudos to their parents for imparting such an important trait of saving in life.

By: MissIndependent

MissIndependent — Tue, 10 Jul 2018 00:02:01 +0000

As a millennial myself, I think that I actually save money better than my parents ? or maybe I really am just frugal compared to them

By: Tommy

Tommy — Mon, 09 Jul 2018 22:03:51 +0000

Houses are getting more and more expensive and Millennials are incredibly clever when it comes to practicality. But then again there is also what we call FOMO or the Fear Of Missing Out and they tend to be good at that and that’s basically what’s stopping them from saving money

By: Mortgage Flipper

Mortgage Flipper — Mon, 09 Jul 2018 20:40:28 +0000

While it’s a good thing these millennials are preparing for their future, I fear they will carry the burden of being more in debt as the mortgages rates in Australia continues to increase. Having a home loan may not be ideal for them anymore.

By: Alexander Jeffries

Alexander Jeffries — Mon, 09 Jul 2018 20:06:30 +0000

Guys, you need to take a look at the bigger picture. The article clearly states that an Australian millennial needs to have at least $100,000 saved up to handle their mortgages early on. Housing is much cheaper here in the US, and some of us can afford to go on those lengthy trips before coming back, settling down, and handling the boring stuff. Cut us some slack, will ya?