Articles under “savings”

Young, Single, and Ready to Save: The Data Behind Wealthfront’s Millennial Clients

We analyzed our millennial clients’ savings rates, and the numbers paint a very encouraging picture. Our youngest clients (age 20-25) actually save at the highest rate: 18% of their pre-tax annual salary.

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Announcing the Wealthfront Savings Challenge

To celebrate National Savings Day, we’re launching our first Wealthfront Savings Challenge. During the month of October, we’re challenging you to set up a new recurring deposit or increase your current one and reach your goals faster.

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How Automating Financial Advice Leads to Better Outcomes

Wealthfront believes automating financial advice will lead to better outcomes. Our 2018 Financial Planning & Savings report shows how regular engagement with Path, our financial advice engine, correlates to an increase in a client’s savings rate from 18.6% to 23.7% — nearly a 28% increase in savings.

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An Upgraded Path to College

Last year, we added the ability for our clients with a 529 savings account to build a savings plan for their child’s future college expenses. We’ve spent time improving the service, so today we’re excited to open this feature to all clients – not just those with a 529 account!

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