The Recession Generation: How Millennials Are Changing Money Management Forever

``The Millennials' quest for security is one reason they're turning out to be young savers. Like their Gen X elders, very few believe that they'll get much, if anything from Social Security. And they hit the job market just as Congress made it easier, in 2006, for companies to use "automatic enrollment" for their 401(k)s (about 60% of employers surveyed by Aon Hewitt now use it). The upshot: Many Millennials have started saving for retirement in their early 20s, compared with a median age of 35 for those Boomers who have saved, according to a new Transamerica Institute study.''