A recent study went on to suggest the habits of millennials more closely resemble the World War II generation — those 68 and older whose younger years were perhaps in the midst of the Great Depression or the World War — than others. This was the result of the two major recessions during their formative years, which hurt not only their own investing and job prospects, but their parents as well.
Yet the conservative nature extended beyond simply money habits, as the millennials were “the most worried of all generations,” and they “have a broad perspective, including concerns about their retirement and their parents, which directly contradicts the ‘entitled, short-term focused’ stereotype.”
These findings clearly show that the common perception surrounding the millennial generation is simply incorrect. However, there is one result of these habits that is truly dangerous.
via Millennials Are Not Investing Their Money – Business Insider.