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To Save or Spend?

Millennials are caught in a tug-of-war between their long-term financial aspirations and the lure of spending now, a recent Northwestern Mutual study found. When has that ever not been the case for young people?

Some Good News on Retirement Savings

Twenty-three percent of working Americans increased their retirement savings contributions this year compared to last year, the highest reading in six years of polling, according to a new report from Bankrate.com. Another 16% indicate they have reduced their contributions over that time.