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> Be frugal, save money Whether or not the future looks bright, this is sound advice for everyone. As an immigrant to the US, one of my biggest culture shocks

> Be frugal, save money Whether or not the future looks bright, this is sound advice for everyone. As an immigrant to the US, one of my biggest culture shocks was how little the average American saves, and how little it's emphasized in the culture. Perhaps it speaks to how much faith the public has in government-provided social programs, despite the popular notion that the US does very little for its poor and elderly. (Are things different in Western Europe?)

tombert 3y ago
From what I've read, it actually appears to be somewhat generational; apparently Gen-Z has, broadly speaking, actually picked up some good habits and seems to be saving money at a higher rate than previous generations. [1] Of course, speaking about people in terms of generations is not something I really enjoy doing (especially since it does seem like millennials get a disproportionate level of hate on that front), but I think in the case of Gen-Z a lot of it has to do with the fact that a lot of them grew up right around the 2008 financial crash and realized how important saving money is. [1] https://www.rocketmortgage.com/learn/gen-z-financial-goals-2023 https://www.rocketmortgage.com/learn/gen-z-financial-goals-2...