Why Millennials Are Saving at a Younger Age Than Any Other Generation

Boomers may have spurred the mutual fund industry, but millennials are embracing it at a far younger age—plunking down their first dollars a decade earlier in life, new research shows. The average age that millennial households started investing in funds is 23, according to the Investment Company Institute. That compares with age 37 for older boomers and 32 for younger boomers. Gen X started at age 26.