Lots of people are saving more these days, although the reasons aren't necessarily ones to cheer about. And the people doing the most saving aren't necessarily those you might expect to be doing so, either.
That's according to a new Bankrate.com study of whether and why people are saving/spending less/more, and the surprising news is that millennials are coming out at the top of the saving heap.
According to the report, the Bankrate Financial Security Index survey finds that 3 out of every 5 U.S. adults are limiting their monthly spending. Most of them say it's to boost their savings, and surprisingly enough that's particularly true for Americans aged 18–26. An equally surprising 74 percent of them say they need to put more money away.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.