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Jul 23, 2014

Millennials aren’t like the average consumer when it comes to saving money. But according to a recent survey by Bankrate.com, Americans between 18 and 29 years old (commonly known as the millennial generation) are three times more likely to keep their long term investments in the form of cash. Unlike other generations, who have been investing in the stock market, millennials seem hesitant to place their money in any other hands, especially risky investments. The survey showed that 39% of millennials chose cash as the best way to invest money that they don’t need for at least 10 years. That...