We asked Millennial teachers what their finances look like. Here's what they said.

It's fair to say Millennials are facing a whole new level of financial pressure, from higher house prices to growing education costs.

According to data from ABC, today's 30 to 34-year-olds are the first generation in more than 47 years where most don't own a house. The average 2023 loan is over eight times what a 34-year-old earns yearly. Plus, the cost of loans, cost of living and house prices are higher, but wage growth isn't matching up.

This month Mamamia surveyed 350 Aussie women between the ages of 28 and 43 to get a more realistic picture of their financial situations. 

Interestingly, almost half of those who decided to participate in our survey listed their work and career as being in the teaching and education sector. Their responses were fascinating.

Watch: a look at Millennial core. Post continues below.

Here's what they told us. 

How much money do you have in savings?

A 37-year-old primary school teacher working full-time earning $114,000 per year, currently has $8500 sitting in her savings. She has zero in stocks and aims to add $400 per month to her savings. She is in a relationship and rents, saying she feels "crap" about finances at the moment. 

A 28-year-old teacher working full-time earning $82,000 per year, currently has $35,000 sitting in her savings. She has some money in stocks and aims to add $2000 per month to her savings. She is in a relationship and renting with housemates. Right now she feels okay about her financial situation, hoping to save for a house deposit in the future.

A 42-year-old teacher working full-time earning $110,000 per year, currently has $12,000 sitting in her savings. She has zero in stocks and aims to add $2000 per month to her savings. She is single, lives alone and owns her own home outright. She feels "comfortable" with her financial situation, saying: "I own my house, a car and a campervan outright. I have one investment property and a good amount of super. I'm saving for another investment property."

A 34-year-old childcare director working full-time earning $82,000 per year, currently has $10,000 sitting in her savings. She has $2500 in stocks and aims to add $500 per month to her savings. She is single and renting with roommates, saying she would like to save up for a house deposit but is more focused on travel instead. 

A 33-year-old teacher working full-time earning $115,000 per year, currently has $9000 sitting in her savings. She has some money in stocks and aims to add $2000 per month to her savings. She is in a relationship and owns her own home with a mortgage. 

A 35-year-old teacher working part-time earning $70,000 per year, currently has $3000 sitting in her savings. She has zero in stocks and doesn't have a set amount that she aims to add to her savings per month. She is married and rents.

A 32-year-old primary school teacher working full-time earning $99,000 per year, currently has $800 in personal savings and $9000 in a joint savings with her partner. She has zero in stocks and aims to add $1600 per month to her savings. She is in a relationship, and they are currently living with their parents and renting out the unit they own while they start to look for a bigger home to purchase. They are also saving $20,000 for their pending wedding.

A 40-year-old head of science at a high school working full-time earning $116,000 per year, currently has $35,000 sitting in her savings. She has some money in stocks and aims to add $3000 per month to her savings. She is married and owns her own home with a mortgage, adding she feels comfortable financially. 

A 29-year-old teacher working full-time earning $96,000 per year, currently has $3000 sitting in her savings. She has $3500 in stocks and says she isn't adding to her savings at the moment as "childcare and cost of living is ruining us". She is married and owns her own home with a mortgage, adding that she feels "disappointed" with her financial situation right now.

A 38-year-old teacher working full-time earning $140,000 per year, currently has $12,000 sitting in her savings. She has zero in stocks and aims to add $1000 per month to her savings, though she says she often dips into this. She is married and owns her own home with a mortgage, adding she feels "depressed and anxious" about money often.

A 39-year-old early childhood educator working full-time earning $70,000 per year, currently has $18,000 sitting in her savings. She has zero in stocks and isn't adding to her savings right now, saying cost of living means things are tight. She is single and renting.

A 38-year-old school principal working full-time earning $226,000 per year, currently has $23,000 sitting in her savings. She has zero in stocks and aims to $700 per month to her savings. She is single, has a mortgage and is renting as well, working towards saving for a holiday.

A 35-year-old teacher working full-time earning $90,000 per year, currently has $3500 sitting in her savings. She has zero in stocks and aims to add $300 per month to her savings. She is married and owns her own home with a mortgage. She says with the mortgage repayments and bills it leaves her "very stressed and just floating by".

A 41-year-old English teacher working full-time earning $85,000 per year, currently has $61,000 sitting in her savings. She has $11,000 in stocks and aims to add $1500 per month to her savings. She is recently divorced and renting. 

A 28-year-old high school drama teacher working full-time earning $74,000 per year, currently has $24,500 sitting in her savings. She has some money in stocks and aims to add around $1000 per month to her savings. She is in a relationship and lives with her parents while she tries to save up for a house deposit. She says she feels "stressed and behind the pack" when it comes to her finances.

A 37-year-old teacher working full-time earning $110,000 per year, currently has $1000 sitting in her savings. She has zero in stocks and aims to add $100 to $1000 per month to her savings. She is married and owns her own home with a mortgage, adding that she feels "sh*t" about her financial situation right now.

A 43-year-old deputy principal working full-time earning $145,000 per year, currently has $40,000 sitting in her savings. She has zero in stocks and aims to add $1000 per month to her savings. She is in a relationship and lives alone in her own home that she owns outright. 

A 29-year-old teacher for the deaf working full-time earning $114,000 per year, currently has $500 sitting in her savings. She has zero in stocks and isn't adding to her savings right now, saying cost of living means things are tight. She is married and owns her own home with a mortgage. 

A 31-year-old kindergarten teacher working full-time earning $78,000 per year, currently has $20,000 sitting in her savings. She has $3000 in stocks and aims to add $800 or more per month to her savings. She is in a relationship and renting, adding that she feels "overwhelmed" about trying to enter the property market.

A 28-year-old teacher working full-time earning $96,000 per year, currently has $150,000 sitting in her savings. She has $5000 in stocks and aims to add $1000 per month to her savings. She is in a relationship and owns her own home with a mortgage. Right now she feels "good" about her financial situation.

Feature Image: Canva.