The amount of money Americans have in savings accounts is on the order of several hundred billion. This that calculation alone says there's $5 billion a year being left on the table by having your money in high-yield savings. Why haven't millennials done this? Because we've been in a great stock market period and people do what they always do, which is buy more stocks when stocks go up. It takes people often to have gone through a crash, understand the need or to have had an emergency to understand the need for an emergency fund.

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