Shock (Not)! Millennial Savers Say One Thing, Do Another

401k, retirement, millennials, financial literacy

Seriously? They are so annoying.

With screen time, videogames, Minecraft—is anyone at all surprised?

Fully 78% of millennials say they prefer online videos to learn about personal finance topics, according to a new study from the Global Financial Literacy Excellence Center (GFLEC).

The survey, titled “Millennials’ Engagement with Online Financial Education Resources and Tools: New Survey Insights and Recommendations,” explores gaps in millennial thinking, perceptions and actions.

Perception-Use of Financial Education Resources

Knowledge-Motivation Gap

Intention-Action Gap

The survey also found that even in an era of over-sharing, more than one-third of millennials believe personal finance is a private matter and 30% say that discussing personal finance with family and friends is as difficult as talking about weight loss and health issues.

And, in somewhat of a surprise, 42% of millennials model their financial behavior after their parents.

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