Image credit: Photo by CIRA/.CA. Millennials are lucky compared to baby boomers. Today, younger professionals can receive employment income while doing side hustle in the gig economy. Their older counterparts did not have the same luxury. If you lost your job before, you had to apply for work to earn your keep again. Perhaps the biggest advantage of older folks is that they are better savers. Canadian baby boomers understand the importance of saving and investing for the future. Also, they prioritize debt repayments, according to a 2020 study from Edward Jones. I’m not saying that millennials throw caution to the wind. However, about 58% are most likely to spend their money on experiences, such as concerts, dinners, and vacations. Some would even accumulate debts to fund their lifestyles. But if the majority were to save and invest early on, they wouldn’t have financial worries in the future.