Baby boomers and millennials have different financial paths due to the eras they came of age in. Boomers built wealth with steady jobs and cheaper housing, while millennials face higher costs but are quick to automate and use low-cost index funds. Boomers are more likely to have saved for retirement and contribute through workplace plans, according to the EBRI. Millennials should prioritize saving for retirement and consider bumping up contributions at age 50. Boomers tend to hold jobs longer and use less available credit, while millennials have higher credit card balances and may consider riskier investments.

Read more at Yahoo Finance: 7 Money Habits Baby Boomers Have That Millennials Should Copy