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Small improvements multiply over time in retirement savings

Small changes in financial behavior can result in noticeable improvements in retirement savings for millennials.

By Marlene Y. Satter | Updated on June 01, 2016
Photo: Getty Images

Small changes in financial behavior can result in noticeable improvements in retirement savings for millennials.

That’s according to Financial Finesse, which found in a study that younger employees who improved their financial assessment by one point (from 4.0 to 5.0 on a 10-point scale) saw a 12 percent increase in their average retirement plan contribution rate.

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