Millennials work hard to save money but do have some indulgences, including travel, subscription entertainment services and entertainment expenses. Photo: Shutterstock)
Millennials may have conflicted attitudes toward money, but according to a study from Principal Financial Group, a lot of them are razor-focused on retirement. In fact, so are quite a few Gen Xers—and together, they make up a group Principal has christened “supersavers.”
The 2018 Super Saver Survey reveals that, among the GenX and millennial respondents, 70 percent are making maximum contributions without even having a formal budget, relying instead on major financial sacrifices to do so.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
