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Younger Generations Learning from the Older
Millennials are doing surprisingly well concerning their financials. They have heeded the warnings from their parents about retirement planning and saving. 72% of Millennials are already saving for retirement before the age of 27, and even more have a solid plan and budget that they follow. However, listening to their parents could cause problems in the long run. Studies show that Millennials favor their parents for financial advice over experts and professional advisers. Going through the recent recession has also put them off of investing, and 77% of Millennials now would prefer to squirrel away money instead of investing in stocks. For more information visit this article by Bruce Shutan with Employee Benefit Adviser.
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