Boston University\u2019s Questrom School of Business<\/a>.<\/p>\nWhat, exactly, are young people exacting revenge on?<\/p>\n
High interest ratesInflationA tightening job marketTariff-fueled price hikesA housing market that has all but shut young buyers out<\/p>\n
\u201cI think the economic uncertainty is starting to catch up with everybody, especially folks who are 35 and under, and this is their way of saying, ‘We can save money, gosh darn it, no matter what,’\u201d explained Stoller.<\/p>\n
So what’s the best way to start revenge saving?<\/p>\n
\u201cWhat you do is you reduce what I’m calling the \u2018electronic clutter,\u2019\u201d said Stoller.<\/p>\n
That means going through all of your subscription services, as well as your TV, phone and internet contracts \u2013 and finding places to trim the fat.<\/p>\n
Stoller actually put it to the test earlier this week.<\/p>\n
\u201cFive hours later, I actually was able to chip away just over $100 for the month of August, since a lot of these contracts go through July,\u201d says Stoller.<\/p>\n
Are there any down sides to revenge saving?<\/p>\n
\u201cI think the downside is – do you really have to eat ramen noodles every single night?\u201d questioned Stoller.<\/p>\n
He continued, \u201cAt some point are you really trimming away the fat? Or are you getting to the bone?\u201d<\/p>\n
Bottom line: Revenge saving is great… as long as you’re not torturing yourself.<\/p>\n
Stoller said given the current state of the economy, he anticipates revenge saving will stick around for quite a while.<\/p>\n","protected":false},"excerpt":{"rendered":"(WJAR) \u2014 First it was “Revenge spending.\u201d Now, after years of inflation and increases to the cost of…\n","protected":false},"author":2,"featured_media":17631,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,12586,9565,153,16438,5456,2402,6069,147,530,16437],"class_list":["post-17630","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-cost-of-living","tag-economic-uncertainty","tag-gen-z","tag-high-interest-rates","tag-housing-market","tag-inflation","tag-millennials","tag-personal-finance","tag-personalfinance","tag-revenge-saving"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/17630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=17630"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/17630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/17631"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=17630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=17630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=17630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}