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Monday, November 10, 2014

Budget

News                                                                                                                             
Wall Street Journal | Younger Generation Faces a Savings Deficit
Adults under age 35—the so-called millennial generation—currently have a savings rate of negative 2%, meaning they are burning through their assets or going into debt, according to Moody’s Analytics. That compares with a positive savings rate of about 3% for those age 35 to 44, 6% for those 45 to 54, and 13% for those 55 and older.