More than half of US consumers consider saving money as their top goal in 2020
Americans reveal their money-saving strategies. Source: shutterstock.com
According to CIT Bank’s survey, when it comes to sticking to financial resolutions, Millennials are doing a much better job than other generations. For comparison, only a third of Gen Z, Gen X, and Boomers reveal they have remained committed to their savings goal.
Gen Zers and Millennials are leading in prioritizing saving in 2020 with 79% and 69% respectively, compared to 59% of Gen X, and 41% of Boomers.
As to the ways of saving money, setting spending limits on debit or credit cards is the most popular strategy (48%). Along with that, 28% of US consumers are reading more financial tips, while 24% of them are downloading a budgeting app. 16% of Americans prefer enlisting a buddy for accountability.
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