Saving money in 2015 can be tough for graduates and undergraduates, as millennials are not flocking to the stock market.
Richard Massaux, managing director from Parker Massaux Investment Group, says that adults under the age of 35 currently have a savings rate of negative two percent meaning they are burning through their assets or they are going into debt.
“It's very important to make sure that you have looked at what your future will look like and what your yearly budget is to determine are you saving as much as you possibly can,” Massaux said.
Massaux says that millennials should not be fearful or anxious of the stock market instead students should look into the distant future of saving.
“No matter what your life situation is it is extremely important to make sure that you are saving in your retirement plan, setting up college," Massaux said. "The most important thing is to look at the stock market as a long term savings opportunity."
By: David Grzybowski/PHL17