Reported 12 months ago
The article discusses the average savings by different generations in 2023, highlighting how millennials saved the most at $9,299, followed by Generation Z with over $6,000, Generation X with $5,132, and boomers with just over $4,000. It mentions that the savings amount varies based on economic climate, cultural attitudes, and individual circumstances, with younger generations facing obstacles like student loan debt and lower incomes impacting savings. The article also provides tips for growing savings, such as choosing the right savings account, paying down high-interest debt, cutting costs, and automating savings contributions.
Source: YAHOO