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See more findings from the GOBankingRates study.
Over time, the purchasing power of $4,345 is likely to decrease.
Millennials are also less likely to own homes compared to the often more financially solvent baby boomers.
As a result, many may still be renting or paying off mortgages well into their retirement years.
This could significantly increase the portion of their budget allocated to housing, especially in high-cost areas.
Will Millennials Even Get Social Security?
Final Take To GO: Can Millennials Make $4,345 Work?
