Millennials are the age Group Most Likely to Keep Spending in Check to Boost Savings

Sixty percent of Millennials who are watching their spending are doing so in order to save more money, which is more than double that of older generations who say they’re saving to set a spending cap, a Bankrate.com report finds.

According to the survey, the saving seems to be paying off, for Millennials anyway. They are the age group most inclined to say they are more comfortable with their savings now as compared to a year ago.

Overall, 19 percent of Americans are comfortable with their savings as opposed to the same time last year.