5 debt and saving tips for 20-somethings


At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

Obtaining financial independence is a rite of passage for 20-somethings.

But a bleak economy and mounting debts are keeping many Millennials on their parents’ payrolls, but they’re surprisingly upbeat.

Every month, Bankrate surveys Americans about their savings, debt, job security and other financial topics. And every month, millennials consistently express higher levels of financial security than older generations.

So while experts say it might not be easy, 20-somethings can dig their way out of an economic hole by following these common sense tips on debt and saving.

Written by
Autumn Cafiero Giusti
Contributing writer
Autumn Cafiero Giusti is an award-winning journalist with over two decades of professional experience. She writes about mortgages, real estate and banking.