Millennials are prioritizing saving for retirement, “saving earlier and saving more” than previous generations. According to a Bankrate survey, in 2017, 30% of Millennials contributed to their retirement savings compared to 2016. The chief financial analyst at Bankrate explains, “Having had a front-row seat for the financial crisis has instilled a greater inclination toward saving—for both retirement and emergencies—among Millennials.” While it’s good that the generation is saving, analysts worry that they’re playing it too safe with their choice of investments when they should be taking greater risks for greater returns. (TheStreet)
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