Amazingly enough, Generation Y tops any other age group in saving: 44% versus 36% of the general population, Money Management International found in its Financial Literacy Survey.

This is surprising, MMI noted, since Gen Y has been characterized as having a sense of entitlement, casual attitude toward work and authority, yet high opinions of themselves. To some degree, there are tensions between Gen Y and Gen X and Baby Boomers, who have a hard time managing and retaining them as employees.

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