Millennials Outperform Everyone in Saving, but It’s Not for What You’d Think

By Newsroom America Feeds at 19 May 09:04


May 19, 2017, 9:00 am EDT

Millennials Outperform Everyone in Saving, but It’s Not for What You’d Think

Millennials are charting unexplored territory as the first generation to plan for financial freedom instead of retirement, according to the latest Merrill Edge® Report. Sixty-three percent of millennials are looking to achieve the amount of savings or income necessary to live their desired lifestyle, which drastically differs from most (55 percent) Gen Xers and baby boomers who are saving to leave the workforce.


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