While facing financial difficulties, some millennials are bucking the trend and managing to save a little.

According to a survey conducted by DepositAccounts, one in three college students have saved at least $1000, even though the amount may seem modest.

Recent news often highlights the struggle of young adults with debt, low income, inability to purchase property, and other financial hardships. Generation Z, in particular, is reshaping the economic landscape by altering their spending habits and generally not saving. For many, the lack of saving is not a choice but a result of managing significant student loan debt.

Contrary to these challenges, a notable portion of college students are saving money for various purposes, such as funding tuition payments and establishing an emergency fund. Approximately 34% of college students have saved at least $1000 for emergencies, while only 11% have no savings set aside. Although the number of students with substantial savings is limited, the positive aspect is that 89% have managed to save some money.

When considering what motivates today’s college students to save, tuition payments are a priority, followed by living expenses and emergencies. Encouragingly, the DepositAccounts study revealed that 64% of college students maintain a dedicated savings account.