
Millennials are ahead of their parents in retirement savings
CNN
Maybe that avocado toast isn't so bad, after all.
Millennials are way ahead of Baby Boomers when it comes to saving for retirement, according to a new study by investment firm Charles Schwab. That younger generation is already stashing away funds in their mid-20s, beating their parents by about a decade.
They also have higher balances in their 401(k)s than Gen Xers did at the same age, according to a report released by Pew last year.
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