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It's a video and I don't think I can actually link it because it's on the front page of Yahoo Finance and those things change.
They have a video that says Millennials save about 20% of each paycheck which is significantly higher than baby boomers and Gen X who save only 14%. but they don't save for retirement, they save for "personal fulfillment".
the odd part is nowhere in it did I see them point out that the reason they are ABLE to save 20% of their paychecks is that so many of them still live at home and don't have a big rent or mortgage payment like people in the past did. I'm not criticizing it but part of the save for personal fulfillment mindset includes not moving out, or moving back in to save money for things they want to do.
They have a video that says Millennials save about 20% of each paycheck which is significantly higher than baby boomers and Gen X who save only 14%. but they don't save for retirement, they save for "personal fulfillment".
the odd part is nowhere in it did I see them point out that the reason they are ABLE to save 20% of their paychecks is that so many of them still live at home and don't have a big rent or mortgage payment like people in the past did. I'm not criticizing it but part of the save for personal fulfillment mindset includes not moving out, or moving back in to save money for things they want to do.