How does Today's Generation save their MONEY

The savings habits of the younger generation today differ significantly from those of older generations due to various economic, social, and technological factors. Younger people face higher costs of living, including housing, education, and healthcare, coupled with stagnant wages and a less stable job market, which reduces their capacity to save. Additionally, they are often burdened by substantial student loan and credit card debt. In contrast, older generations benefited from lower costs and more stable economic conditions, fostering a culture of disciplined saving. Technological advancements have provided the younger generation with tools for managing money and investing, though these come with the challenges of increased consumer culture and immediate gratification desires. While older generations relied on defined benefit pension plans and robust government support for retirement, younger people must navigate defined contribution plans and bear more investment risk. Cultural shifts have also influenced attitudes toward saving, with the younger generation often prioritizing experiences and displaying a higher risk tolerance in their investment choices.