Why the Fed Could Refrain from Raising Rates Again in 2016
Robert R. Johnson
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.
Chang, Ellen, "Why the Fed Could Refrain from Raising Rates Again in 2016" (2016). In the News. 1294.