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Millennials' Savings Rate Climbs For First Time In A Decade

Millennials' Savings Rate Climbs For First Time In A Decade

America’s beleaguered millennials received a rare gift on Tuesday: A scrap of good news. Even with the aggregate student debt burden eclipsing the $1 trillion mark, and wages pressures across the US economy remaining relatively subdued, a new survey from Bankrate.com claims that Americans’ savings habits are improving for the first time in a decade, with the strongest gains recorded among the 18-26 demographic.

Mayor Bloomberg: Democrats Will Lose In 2020 Because "Party Is Going To Be Torn Apart"

Last night, in CNN and Anderson Cooper's effort to desperately avoid discussing the Democratic debacle unfolding in Georgia, Cooper decided to pivot his discussion with former New York City Mayor Michael Bloomberg to focus on the 2020 election cycle.  We can only imagine the thought process: 'ignore Georgia, surely there must be some silver lining for Democrats if we just look far enough out on the horizon, right Mike?'

Frontrunning: June 21

  • Republican Handel Wins Georgia House Seat, Dashing Democrats’ Hopes (BBG)
  • Uber CEO Kalanick Quits as Investors Revolt (WSJ)
  • Saudi King’s Surprise Shakeup Clears Son’s Path to the Throne (BBG)
  • After weeks of secrecy, U.S. Senate to unveil healthcare bill (Reuters)
  • Latest Election-Hacking Hearings to Focus on State-Level Events (WSJ)
  • Trump’s Net Worth Slips to $2.9 Billion as Towers Underperform (BBG)
  • Oil Returns to Bear Market (WSJ)
  • Brexit Dominates May's Program as Some Manifesto Pledges Ditched (BBG)

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