Younger people are more likely to contribute to a Roth IRA than more traditional individual retirement accounts.

According to a report by the nonpartisan Employee Benefit Research Institute, nearly a quarter of the Roth accounts receiving contributions were owned by people between the ages of 25 and 34 compared to just 8.9 percent of this generation who contributes to a traditional IRA.

Of those who owned a Roth IRA in 2011, 44 percent of those ages 25 to 29 contributed to their account compared to 21 percent of those between the ages of 60 and 64.

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