Well, at least millennials are saving.

According to the Spring Merrill Edge Report from Bank of America Merrill Edge, 63 percent of millennials are socking it away in the name of financial freedom: the amount of savings or income they need to live the lifestyle they want.

GenXers and boomers, on the other hand, are saving up to get out of the workplace—with 55 percent of them working toward that goal.

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