Millennials certainly paid attention during the great recession which is why they are generally so focused on both saving and debt avoidance than prior generations. They are also taking advantage of digital capabilities, said Marcy Keckler, head of financial advice strategy at Ameriprise. 'They are very comfortable with a fully online relationship with a bank and investment providers,' said Keckler. 'It’s not the only way they will do business but they are very comfortable with a fully digitized and online experience.' Keckler said millennials do share a number of similarities with Gen-Xers and Baby Boomers when it comes to their finances, most notably the feeling that they are in control of their money as opposed to the reverse. She said saving for retirement through an employer-sponsored plan is a priority across generations. Still, the differences between the three groups are apparent when it comes to money management. Boomers, for example, are counting on a pension for a large portion of their retirement expenses. Gen-Xers, however, are in a much different situation because very few can count on a pension.