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CHARLOTTE, N.C. — Ameriprise Financial conducted a study looking at three generations to see if they’re making the trade off now in order to fit their future lifestyles.
Suzanna De Baca says Baby Boomers, Gen X, and Millenials are all split when it comes to saving.
She says millenials are doing well because there is more financial literacy and available information. They’re taking advantage, but it’s important to make sure it transfers into useful action.
She also says that cutting down in areas where you’ll see the biggest impact is important for comfortable living in the future.
