Gen Z & Millennials Lead Savings Surge
Update: 2025-12-10
Description
Younger generations, particularly Gen Z and Millennials, are leading the way in saving money, with over half reporting increased savings this year. This contrasts with older generations like Gen X and Baby Boomers. The survey also reveals that growing savings is a top priority for most young savers, with many making significant lifestyle sacrifices to save more. However, most people keep their savings in lower-interest accounts, missing out on potential earnings. Among Gen Z savers aware of their accounts interest rate, nearly 40% earn more than 3% annually, indicating room for improvement in managing savings for maximum returns.
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