Category Saving

In an uncertain economy with rising prices and job instability, many people are rethinking how and why they spend money. Liu, a self-made millionaire, chooses to shop at thrift stores—not because she has to, but because it fits her values and financial goals. She believes in mindful spending, which means making careful choices that match both her budget and her desire to live sustainably. By saving money on clothes and everyday items, Liu can invest more in her future, like in stocks or real estate. Her approach shows that living simply and spending wisely can help build lasting wealth, even in tough times.

In 2025, Gen Z is approaching money and lifestyle choices very differently from past generations. With inflation still high—reaching 4.9% in August—many young adults are feeling pressure to be more careful with their spending. Instead of spending on pricey brands, travel, or fancy meals, they’re focusing on buying only what they really need—like groceries, health products, and affordable basics. Gen Z is also showing a strong interest in personal wellness and financial independence, which means they’re choosing to save more, shop at discount stores, and avoid credit card debt. Their habits are not just a reaction to rising prices—they reflect a deeper shift in values, where living simply and staying financially secure matter more than showing off wealth.

In response to rising prices and ongoing inflation, many Americans are taking part in “No Buy July,” a month-long challenge where they avoid making non-essential purchases. This trend is growing as more people look for ways to save money and take better control of their spending habits. By saying no to unnecessary shopping for 31 days, participants hope to break impulsive buying behaviors, reflect on what they really value, and make more mindful financial decisions. These no-spend challenges come at a time when everyday goods like food and housing are getting more expensive, causing many to think twice about their financial priorities.

In today’s uncertain economy, more people are turning to certificates of deposit, or CDs, as a smart and safe way to grow their money. With inflation still affecting prices and fears of a recession on the rise, CDs offer something rare—guaranteed returns. Thanks to recent high interest rates set by the Federal Reserve, many banks are offering CDs with rates above 4%. This means that someone who puts $125,000 into a CD could earn thousands of dollars just by letting the money sit for a set amount of time. While stocks and other investments can go up and down quickly, CDs give savers peace of mind, making them a popular choice during these unpredictable times.

In 2025, a new survey shows that nearly three out of four Americans have at least one major financial regret, with many wishing they had started saving for retirement earlier or avoided getting into credit card debt. These regrets are felt across all age groups, but Gen Xers report the most concern. This comes at a time when inflation and economic uncertainty are making it harder for people to plan for the future. Despite these concerns, 43% of people say they haven’t taken any steps to fix their financial mistakes over the past year, showing how tough it can be to recover during difficult economic times.

In 2025, rising living costs and growing financial inequality are changing how young adults—especially Gen Z and Millennials—spend their money. Instead of focusing on expensive clothes or luxury items, many are choosing to save money by buying off-brand or secondhand goods through platforms like Facebook Marketplace and Depop. These groups are more likely to “trade down” to cheaper options, especially for groceries and clothing. At the same time, they're spending more on things that bring personal value, like travel, wellness, and social experiences. This shift shows that today’s young adults care more about personal growth and meaningful connections than flashy displays of wealth.