Millennials are more worried about debt than their day-to-day expenses.

A new survey by Wells Fargo Retirement, focused on millennials' attitudes toward savings and retirement, found that 42 percent of these younger Americans feel their debt is overwhelming, which is twice the rate of surveyed Baby Boomers.

Despite their concerns about debt, nearly two-thirds of millennials see themselves as savers, with 66 percent of men and 56 percent of women describing themselves this way. Nearly 50 percent of millenials say they are saving for retirement and 51 percent say they have not begun to save but plan to by age 30.

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