The Great Recession has left its mark on everyone, it seems, andthere’s now evidence it has dramatically changed how baby boomersand millennials save for retirement.

According to a survey from MFS Investment Management, boomers andmillennials are each doing what the other should be doing when itcomes to planning for retirement. Boomers are aggressively tryingto build assets, while millennials are trying their best not tolose what they have, looking for income rather thangrowth.

Among boomers, 32 percent say that growth is their No. 1consideration when making decisions about retirement assets, whileamong millennials, 60 percent are focused on other things:capital-protection (29 percent) and income-generation (31percent).

Advisors’ recommendations would be exactly the opposite, with 55percent of advisors under the impression that boomers should stillbe looking for “income and preservation, not growth,” while alsobelieving that younger investors should have more than half theirretirement assets in equities.

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