Pink piggy bank on money (Image: Shutterstock) (Image: Shutterstock)

Millennials are more confident investing their money in a savings account than a workplace retirement plan, according to new survey findings from Broadridge Financial Solutions and The Center for Generational Kinetics.

Broadridge released the results of research that examines wealth management trends in millennial preferences related to investing, financial communication and saving for retirement.

The study — a 25-question survey administered to more than 1,000 U.S. respondents ages 22 to 59, weighted to current U.S. census data for age, region and gender — found that 66% of the millennials surveyed are more confident investing in savings accounts than workplace retirement plans, tax-advantaged plans or real estate.

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