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1. Millennials save 8.3% of salary in their 401(k) annually versus the national average of 6%, according to Guideline. But other studies have produced different results. According to Vanguard, the average rate is 5.9% for people 25 to 34.
The rap on the millennial generation is they are an island: They don't save and they don't talk to advisors. Guideline 401(k), a 401(k) plan provider, did a study on 5,400 millennial plan participants and found something a lot different. Check out the gallery above for some of their most interesting findings.  
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Ginger Szala

Ginger Szala is executive managing editor of Investment Advisor magazine. She covered the financial business and alternatives industry for 30 years while editor of Futures Magazine Group. MSJ Northwestern, BA University of Wisconsin-Madison. She is based in Chicago. Go Blackhawks!