In 2023, Millennials topped the list for average savings by generation, followed by Gen Z, with Baby Boomers holding the largest total savings across generations.
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Whether it's for an emergency fund, a college education, or a comfortable retirement, it's important to have savings. It's a crucial step in taking control of your financial life and can even have positive effects to other areas such as your emotional and physical wellbeing.
Daylight Savings Time was meant to conserve energy, but it creates more losses in the US economy.
In her Reuters column, Allison Schrager asked a question that had continued to remain unanswered: How should people actually spend their retirement money?
The projected savings for the merger of Glencore and Xstrata was at UDD500 million but nearly a year later, the savings is worth four times that projected amount.
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