How Much Money Did Every Generation Save Over the Last Couple Years?

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A new study by insurance company New York Life found that Americans are improving their savings — so how well do you do compared to people in your generation?

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00:00Saving can be tough, especially with the economy the way it was throughout most of 2023.

00:06A new study by insurance company New York Life found that Americans are improving their savings.

00:11So how well did you do compared to people in your generation?

00:15If you were born between 1995 and 2012, then you are in Generation Z.

00:20This group saved an average of $6,440.67.

00:25Millennials did the best, with this group saving $9,299.45 on average.

00:33Millennials were born any time between 1980 and 1994.

00:38Money Talks News notes that Generation X, those born between 1965 and 1979,

00:44is sometimes considered the middle child because they're often forgotten during generational conversations.

00:50This group saved an average of $5,132.20 in 2023.

00:57And finally, baby boomers born between 1946 and 1964 saved $4,059.72 on average.

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