Today, there are 75.4 million millennials living in the United States, making these 18-34-year-olds America’s largest generation. Not surprisingly, young people also are taking over the workforce, with one in three American workers classifying themselves as a millennial, according to the Pew Research Center.
This trend will only increase with time: It’s projected by the year 2050, there will be 79.2 million millennials (aka Gen Y) living in the United States.
When it comes to planning for their financial future, this group is facing some unique challenges. This generation came of age during the 2008 financial crisis and witnessed the economic fallout from the Great Recession, which is shaping their attitudes toward saving.
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