About 33 percent of the Generation Y workers who responded to a
recent TD Ameritrade survey say they have stopped saving for
And 48 percent of the people who responded say they're
not putting money in a savings account either.
TD Ameritrade's Stuart Rubinstein says saving even a small
amount each month can be powerful because it will grow with the
power of compound interest.
Members of Generation Y were born between 1977 and 1989.
Maritz conducted the phone survey of 1,007 adults between March
23 and April 11. The margin of error is plus or minus 3.1 percentage points.