Millennials Who Struggle To Save Can Kick-Start The Process with These Tips

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Millennials Who Struggle To Save Can Kick-Start The Process with These Tips

Feb, 11th 2017

If you're in your 20s or 30s there's a strong chance that you are getting puny paychecks that never seem to stretch far enough, and you may look at everything your baby boomer parents have and wonder if you'll ever catch up.

But that doesn't mean you're going to feel poor forever.

As a generation, millennials are earning 20 percent less than baby boomers were making in their late 20s and early 30s, according to a recent analysis of federal data by Young Invincibles. And today's 25- to 34-year-olds have only half the wealth that baby boomers had at the same age. In other words, today's young adults have less savings, fewer homes, cars, businesses and other assets, plus much more student loan debt.

But millennials can build their wealth,...

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