Millennials are achieving financial milestones at different times in their lives than earlier generations.
According to a survey from Comet Financial Intelligence , while people are still following the same basic timeline regarding the order in which financial accomplishments occur, millennials are getting to some goals at different times than earlier generations.
Beginning to save for retirement, for instance, comes at an average age of 26.2 overall, since even millennials usually start saving once they've gotten a job that offers a retirement plan or 401(k).
|Millennials taking longer to pay off student loans
But when it comes to paying off student loans, millennials are taking longer to do so than earlier generations — hardly surprising, though, when one considers how much college tuition has risen.
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