Millennials Still Living in Their Parents' Basements Nevertheless Think They'll Be Millionaires Someday

Jobless, broke, living with mom and dad — but positive, just positive, that they'll be rich someday.

Millennials' optimism knows no bounds.

Image via Shutterstock

As Fusion's Massive Millennial Poll revealed last week, moving home and job hunting hasn't dampened the spirits of the generation currently coming of age.

While 46 percent of the poll's 18-to-34-year-old respondents said they lived with their parents (a further 1 percent said they "don't know" how to describe their living situation) and two out of five millennials are neither in school nor making more than $10,000 per year, a full 97 percent of millennials said they expect to buy a home in their lifetime and 28 percent said they expect they'll become a millionaire.

Chart via TheBlaze/Fusion

The odds they make it aren't great.

In 2013, roughly 6 percent of U.S. households were worth $1 million or more, and millennials may not be earning or saving nearly enough to join the club.

The lion's share of salary growth occurs early- to mid-career, meaning millennials who spend the first half of their 20s unemployed could severely handicap their future earning potential, and as the Wall Street Journal reported in November, millennials have a savings rate of negative 2 percent — not exactly the key to reaching millionaire status.

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Front page image via Shutterstock

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