The secret about millennials? They know how to save

Are you seeing a 20-something who still lives in his parents’ house, plays video games all day and (if he has graduated from college) has mounds of student debt? Maybe he’s texting his friends that his dream job just won’t open up, and he can’t believe no one will loan him the money for a car while he tries to invent the next killer app.

Surprise! In reality, millennials are the largest generation in the work force, and recent studies of financial habits show they are excelling in one major area—saving money.

Millennials, as a whole, have become better than past generations in saving money and initiating savings earlier on in their careers. Millennials are also beginning retirement pans, investing and have overall more positive spending behaviors than previous generations.

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