Starting May 28th, through September 3rd, the Next Generation office will close at 3:30pm ET on Fridays.

66 million have NOTHING in Emergency Savings

66 million have NOTHING in Emergency Savings

Having a 6 month emergency savings nest is harder for some generations. According to a new survey from, 66 million Americans do not have emergency savings.  1/3 of Americans ages 36-51 years old (Gen X) have savings. Only 27% of other Americans of all ages have anything saved up.

It is very important to have an emergency savings account of 6 months of liquid cash so that in the event of an emergency such as losing your job, medical bills, or auto maintenance you will be covered. But only an astonishing 28% of all Americans, according to the new survey, have put aside any savings into this emergency fund of 6 months of expenses. The silver lining, if there is one? That percentage has risen by 6% from one year ago. Furthermore, nearly half of Americans older than 71 years old have enough savings for six months of living expenses.

Millennials (ages 18 through 34) have the same saving habits as Gen Xers, with 2/3 reporting at least some savings. The 1/3 without savings should check out ways to save by eliminating debt and alternative money making methods.

It may be difficult for millennials to save when they are in low-paying jobs and have crippling student loans. According to the study, half of the Americans with annual incomes of 75K or more have emergency savings, while more than half of Americans with incomes of less than 30k have nothing saved. One way to combat this is to check out the Millennial Money Guidewhich teaches you ways to combat debt and save up for an emergency fund regardless of your income.  While saving for an emergency fund competes with saving for retirement, paying off loans, rent, car payments, and all the expenses you incur every month it still is possible.

It is not your salary that makes your rich, it is your spending habits.

-Charles. A. Jaffe

The overall picture appears to be improving, however. June marks the 25th consecutive month that Americans’ financial security has improved, with men reporting more security for the 28th straight month. Women have reported increasing financial security in 16 of 28 months including eight of the past 12. Sites such as provide guidance and financial clarity for those who need it. It is no longer the day and age where you need a financial adviser, with the internet you can gather the help you need. If you have any financial questions feel free to contact me. I am always happy to help and utilize my experience in the field of money to help out fellow young adults and millennials. Contact me here:

mmg2Brian is 25 years old and is the founder of Millennial Money Guide, a financial blog aimed to help millennials battle student loans and plan for retirement. When he’s not blogging, he can be found working out or traveling. If you want to learn more about how to become debt free you can email




Next Generation Trust Services LLC/Next Generation TS, LLC does not evaluate, recommend, warrant, guarantee, or endorse the legality, propriety, performance, or reliability of any investment, service, statement, opinion, or other representation of any professional listed in our service providers network; carry any liability in any event for any misinformation, misrepresentation, negligence, act, omission, investment results, or wrongdoing of any professional network service provider; have any agreement or arrangement with any professional service provider with regard to any investment or service that may be provided to NGTS account owners or other investors; have any financial arrangement or affiliation with any professional network service provider.


self directed IRA

Fancy Yourself an Expert?

Are you an expert in your field? A master financial strategist? Perhaps an investment guru? Next Generation Trust Services is looking for articles and contributions to add to our monthly newsletter and we’re calling out to you savvy investors!

If you are interested in submitting articles for publication on the Next Generation Trust Services website and newsletter, email us your submission for consideration at

Submission Guidelines
1. Articles must be written from an educational perspective only for the purpose of introducing a type of strategy. Articles may not solicit business for any company or specific investment vehicle.

  • Acceptable: Article detailing strategies in precious metal investments
  • Not Acceptable: Article detailing Bob’s Gold Market as an exceptional investment vehicle

2. Submissions must be kept between 500-2500 words

We look forward to your two cents and fantastic submissions! Of course, if you have any questions or concerns regarding your submission, please do not hesitate to contact the office directly, (973) 533-1880.
Next Generation Trust Services does not provide any legal, financial or investment advice. All submissions are subject to review and publication is not guaranteed.

Tell us what you think!


Have you been impressed with one of our staff members who went the extra mile for you? Were you surprised by how easy the process was to do your first transaction because of the special attention you received? Tell us!

Submissions will be accepted through the end of July. We will enter all who submit a testimonial into a drawing for a $50 NGTS credit. The drawing will take place in early August.

This credit can be used to offset any of your fees or, you may give the credit to someone you refer to us to open an account to take care of their account set up fees.

When you send in a submission, please also give us permission in the email to use the quote in print and web based materials so we can save your authorization.

In addition to the testimonials, we would be happy to consider comments on how you think our services can be improved.

Tell us what you think!

If you’re glad that you finally took the plunge and opened a self-directed retirement account please tell anyone you think might benefit from our services. Now is a great time to do this as we are running a Beginner Promotion and a Rescue Your 401(k) Promotion.

Please contact our New Account Specialist, DeAnna Vecchio, at 973-533-1880 for more information on both.