Comment on Born into crisis, gen Z is saving for retirement like no other generation
EndlessNightmare@reddthat.com 1 week ago
Saving more money has a double-effect: obviously the money that you are actually saving. But it also means that you are reducing your spending.
Going from saving 10% of your income to saving 20% of your income means that your spend/save ratio goes from 9:1 down to 4:1.