Smart Money Happy Hour with Rachel Cruze and George Kamel
When Is Dipping into Your Savings Justified?
Apr 4, 2024
Discover America's saving attitudes as Rachel and George discuss justifications for dipping into savings. They explore soft savings and budget trends post-COVID, emphasizing emergency funds and long-term financial security. The hosts share personal spending habits, online shopping triggers, and the importance of consistent saving.
33:23
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Quick takeaways
- Soft savings trend among Gen Z prioritizes lifestyle, impacting savings goals.
- Dipping into savings for non-emergencies leads to financial stress and reliance on debt.
Deep dives
Soft Savings Trend Among Gen Z
A new trend called soft savings has emerged among Gen Z, where individuals prioritize their lifestyle over intentional savings, casually putting money aside without a concrete plan, which doesn't significantly impact savings goals.
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