The American Dream is 'fraying for many,' says Jamie Dimon—here's how to protect yourself via CNBCMakeIt
In his annual letter to shareholders, which was released Thursday, J.P. Morgan Chase CEO Jamie Dimon noted that the American Dream is alive — but"fraying for many."
Millennials especially are in a daunting situation: They carry more debt than other generations, face rising home costs and are largely responsible for funding their own retirements, all while real wages have barely budged. While most money experts suggest stashing away three to six months' worth of living expenses, you can start by trying to save, say, $500. From there, you can level up.
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