For too long, Millennials have gotten a bad rap about money and their ability to save for a rainy day or retirement. However, a new "Relationship With Money" survey by financial services firm Edward Jones found that not only do more Americans born between 1981 and 1996 consider themselves "savers" than those in their parents' Gen-X cohort (48 percent vs. 46 percent), but that Millennials also were better at socking away emergency funds (75 percent vs. 66 percent). That’s right. The same Millennials whose motto could be "Why buy a car when you can Uber?" "This debunks the myth that Millennials aren't as financially focused as other generations," says Edward Jones investment strategist Nela Richardson. And the survey isn’t some outlier. It's supported by other research. The Federal Reserve Survey on Consumer Finances found that while Millennials are deep in debt, more than 42 percent have retirement accounts, the highest s
For too long, Millennials have gotten a bad rap about money and their ability to save for a rainy day or retirement. However, a new "Relationship With Money" survey by financial services firm Edward Jones found that not only do more Americans born between 1981 and 1996 consider themselves "savers" than those in their parents' Gen-X cohort (48 percent vs. 46 percent), but that Millennials also were better at socking away emergency funds (75 percent vs. 66 percent). That’s right. The same Millennials whose motto could be "Why buy a car when you can Uber?" "This debunks the myth that Millennials aren't as financially focused as other generations," says Edward Jones investment strategist Nela Richardson. And the survey isn’t some outlier. It's supported by other research. The Federal Reserve Survey on Consumer Finances found that while Millennials are deep in debt, more than 42 percent have retirement accounts, the highest s
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