Older Americans are saving at a rate of between 3 and 13 percent, but Americans under 35 are saving about -2 percent, reported The Wall Street Journal, leaving them exposed to unexpected economic downturns and events.But interest rates are low and they'll stay low forever.
“They are truly a vulnerable group,” Annamaria Lusardi, an economist at George Washington University told the WSJ. “They don’t have assets to buffer themselves against shocks, and they also have to manage debt.”
Monday, November 10, 2014
Daily Caller: "Millennials Struggling To Save Despite Economic Upturn." Ah, yes, the "upturn."