Millennials are resolving to save more in 2019: Study

December 30, 2018

By Gregory Bresiger

THE NY POST

Excerpt –

With the 2019 New Year upon us, Bresiger explores a recent Principal Financial Group study on the savings and budgeting habits of young people. Many report “saving enough” as their biggest financial stress and have resolved themselves to “save more” in 2019. 

Stressing that it’s crucial to save more to prepare for potential bad times ahead, Schindler said that Americans “should have five to six months of cash on hand to prepare for the potential period of unemployment.” He added that “having some savings is important because the law of physics tells us that it is inevitable that the economic expansion has to end.

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