In the News

Title

Why the Fed Could Refrain from Raising Rates Again in 2016

Document Type

Article

Publication Date

4-29-2016

Abstract

Millennials remain frugal, preferring to save their bonuses rather than spending them, another remnant of the financial crisis which left them averse to debt.

A large proportion of Millennials (42%) said they would save their bonus for retirement or an emergency while 12% would spend it, according to a survey by Capital One, a McLean, Va.-based financial institution.