Millennial women have a difficult relationship with money — particularly when it comes to retirement.

That's according to a white paper from T. Rowe Price's retirement plan services division, which looked at how millennial women's saving, spending, and owing habits stack up against their peers. And the results don't bode well for retirement, but it's not for lack of trying.

While millennials as a whole say they should be saving 9 percent of their income, but many simply can't afford to set that much aside — thanks to student loans and other debt, coupled with lower salaries. But women in particular in this age group are falling behind when it comes to putting money away for the future.

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