Baby Boomers Take New Career Risks, Open Small Businesses
Generation Y are more financially literate than Baby Boomers, according to a study. Northwestern Mutual’s 2013 Planning and Progress Study discovered that almost a quarter (24 percent) of Gen Y respondents described themselves as “highly disciplined” financial planners. The group stated they exactly have specific plans to meet their target financial goals, and rarely veer away from those plans. About 14 percent of Boomers and 16 percent of all respondents tagged themselves highly disciplined.
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