When it comes to money, millennials are different. Advisors can't approach them as if they were members of older generations and expect the same kind of success they may have enjoyed with older investors.

That's according to a Spectrem Group report, "The Investing Habits of Millennials," which finds that despite the financial challenges their generation is dealing with, they're still optimistic about having enough money for a comfortable retirement.

However, those with under $1 million are worried that they won't be able to retire when they want to.

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