Saving but not investing tips passed from parents to millennials, study says

Millennials are schooled in saving but not investing, according to the Millennials & Investing Survey, recently released by PNC Investments LLC, part of Pittsburgh-based PNC Financial Services Group Inc. (NYSE:PNC).

Almost two-thirds of millennials said that their parents always encouraged them to save money while they were children. But just half said their family modeled good money management, and even fewer disclosed that their parents showed them ways to grow wealth beyond having a job. More…

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