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Millennials wealth has been booming.
This increase in wealth is particularly notable for millennial investors.
Here are the strategies millennial investors havebeen using to become millionaires.
Investing in Equities
The key factor driving millennials financial success is their approach to investing.
Being Disciplined Savers
Millennials are also saving more aggressively than prior generations.
This is a trend we expect to continue as millennials advance in their careers and continue building wealth.
Crucially, mortgage payments contribute to owning a long-term asset that has historically increased over time, he continued.
Recent increases in home values have already benefited millennials in just the past few years.
Saving in IRAs is just one aspect of many millennials retirement planning strategy.
Overall, the generations investors are on track to have long-term financial success.
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