Boomers' Finances Soar While Millennials' Plummet During Pandemic
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Boomers' financial well-being has grown substantially over the past year while millennials' has plummeted.
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Millennials are much more worried that their money won't last compared to boomers.
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Millennials carry more debt like student loans and credit cards versus boomers.
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Boomers are benefiting from high interest rates and home values in retirement.
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The pandemic has led to a boom-bust spending cycle that has favored boomers' savings over millennials' financial security.