Fifty-six percent of millennialssay they have it harder than their parents' generation when itcomes to financial security — and quite a few among the oldergenerations agree with them. (Photo: Shutterstock)

Millennials are overwhelmed—more so than earlier generations—when considering their financialsituation.

In fact, 40 percent of them say so, compared with just 22percent of all other generations.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.