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Although millennials were forced to make tough decisions during the pandemic, many were able to save more money as a result. The latest New York Life Wealth Watch survey found that nearly one-third reported building a nest egg, saving an average of $4,241.

The economic slowdown caused by the pandemic halted major costs such as daycare, student loan payments and rent, and even paused everyday costs such as gym memberships, coffee runs and going out to eat.

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