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Millennials can’t afford to splurge in midlife like their parents

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Many factors have conspired to leave millennials so much poorer.

Many factors have conspired to leave millennials so much poorer.

PHOTO: AFP

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In 2023 the third batch of millennials will turn 40 and, if they haven’t already, promptly freak out.

But this group probably won’t rebel like their parents, who in their 40s and 50s bought flashy boats or booked flights to exotic places after jumping off the corporate ladder. They aren’t divorcing a spouse (they never had one) or getting a tattoo (they already have them).

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