Savings & Retirement
Millennials Save for Retirement Years Earlier Than Boomers — Because They Have To
All the messaging about putting money early into retirement accounts seems to have made a dent.
Photographer: Klaus Vedfelt/Digital Vision/Getty Images
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Millennials took one look at their financial future and, early on, realized it was bleak.
The YOLO generation started saving for retirement — stuffing away money in 401(k)-type accounts — nine years earlier than their baby boomer parents did, according to a new study.