Millennials, they’re just like you! They’re struggling to save money.

More than half of millennials (nearly 52%) have less than $1,000 in savings, according to a recent survey from howmuch.net, a personal finance site. The study was carried out online by Google Consumer Surveys last month among more than 2,550 people ages 18 to 24 and ages 24 to 35. But before you fret about the younger Americans and their tendency to splurge on Instagram-worthy meals, while they hold out for the perfect job where their boss respects them and they get to be creative all the time, take note: About 62% of Americans overall have less than $1,000 in savings, a survey from personal finance GoBankingRates.com found earlier this year.

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So millennials are just about on par with the rest of America’s poor saving habits, but that may have more to do with their lack of money and time in this world than their behavior. More than half of older millennials, or those aged 25 to 34, have $1,000 or more in savings, howmuch.net found. In other words, it’s possible that after 20-somethings land steady jobs, start managing their student loan debt and have a few years in the working world to save, they’re able to build up a nice cushion. That jives with other evidence that the bulk of today’s young Americans are putting away a portion of their paycheck.

As millennials get older, make more money and simply have more time on this earth, they’re more likely to save more. Howmuch.net

It’s true that millennials are skittish when it comes to investing, a natural outgrowth of watching their parents lose their savings during the Great Recession, so their savings may not exactly be working for them. But they’re building toward that often-elusive financial goal espoused by personal finance experts of having at least three to six months-worth of living expenses tucked away in an emergency fund. Nearly one-fifth of all millennials (18%) have between $1,000 and $5,000 saved, 16.5% have more than $20,000 in the bank, 7.3% have between $5,000 and $10,000 and 6.4% have between $10,000 and $20,000 saved.