{"id":71209,"date":"2025-07-18T00:00:13","date_gmt":"2025-07-18T00:00:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/71209\/"},"modified":"2025-07-18T00:00:13","modified_gmt":"2025-07-18T00:00:13","slug":"revenge-saving-is-the-hot-new-money-trend-on-social-media","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/71209\/","title":{"rendered":"&#8216;Revenge saving&#8217; is the hot new money trend on social media"},"content":{"rendered":"<p>(WJAR)  \u2014 First it was &#8220;Revenge spending.\u201d<\/p>\n<p>Now, after years of inflation and increases to the cost of living, a new term has emerged.<\/p>\n<p>&#8220;Revenge saving&#8221; is the hot, new way to take control of your finances.<\/p>\n<p>But why the need for revenge, you ask?<\/p>\n<p>\u201cI think what&#8217;s interesting about revenge saving is Millennials and Gen Zs wanting to assert control and take revenge on somebody,\u201d said Greg Stoller, master lecturer for <a href=\"https:\/\/www.bu.edu\/questrom\/\" target=\"_blank\" title=\"https:\/\/www.bu.edu\/questrom\/\" class=\"themeColorForLinks\" rel=\"noopener\">Boston University\u2019s Questrom School of Business<\/a>.<\/p>\n<p>What, exactly, are young people exacting revenge on?<\/p>\n<ul>\n<li>High interest rates<\/li>\n<li>Inflation<\/li>\n<li>A tightening job market<\/li>\n<li>Tariff-fueled price hikes<\/li>\n<li>A housing market that has all but shut young buyers out<\/li>\n<\/ul>\n<p>\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, &#8216;We can save money, gosh darn it, no matter what,&#8217;\u201d explained Stoller.<\/p>\n<p>So what&#8217;s the best way to start revenge saving?<\/p>\n<p>\u201cWhat you do is you reduce what I&#8217;m calling the \u2018electronic clutter,\u2019\u201d said Stoller.<\/p>\n<p>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<p>Stoller actually put it to the test earlier this week.<\/p>\n<p>\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<p>Are there any down sides to revenge saving?<\/p>\n<p>\u201cI think the downside is &#8211; do you really have to eat ramen noodles every single night?\u201d questioned Stoller.<\/p>\n<p>He continued, \u201cAt some point are you really trimming away the fat? Or are you getting to the bone?\u201d<\/p>\n<p>Bottom line: Revenge saving is great&#8230; as long as you&#8217;re not torturing yourself.<\/p>\n<p>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 &#8220;Revenge spending.\u201d Now, after years of inflation and increases to the cost of&hellip;\n","protected":false},"author":3,"featured_media":71210,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,8162,5189,3991,49795,8166,266,39623,255,49794,67,132,68],"class_list":{"0":"post-71209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-cost-of-living","10":"tag-economic-uncertainty","11":"tag-gen-z","12":"tag-high-interest-rates","13":"tag-housing-market","14":"tag-inflation","15":"tag-millennials","16":"tag-personal-finance","17":"tag-revenge-saving","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114871299152949961","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/71209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=71209"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/71209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/71210"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=71209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=71209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=71209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}