Millennials Are Lousy Savers, but Their Parents Were Worse

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Everyone’s down on millennials: too much education, too few jobs, too many sexts. Now, notes the Wall Street Journal, they’re also lousy savers. Among Americans under 35, the annual savings rate is negative 1.7 percent, which means that on a yearly basis, millennials spend more than they make, taking on more debt instead of building the foundations for a stable financial future.

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