Study shows importance of starting savings early, as few young adults open accounts
Thursday, December 4, 2014 - 08:30
in Psychology & Sociology
Savings accounts are not just a good way to have money to fall back on in case of emergency, they are, in fact, a gateway to financial health and a diversified balance sheet for young adults, new research from the University of Kansas shows. Acquiring a savings account early is key as well, as data shows that young adults who do not have an account by age 18 are not likely to get one.
