7 boomer money habits that millennials don't get

Boomers have amassed a lot of wealth over the years — indeed, about half of total household wealth in Canada is held by boomers, with an average net worth of almost $1.2 million, according to Statistics Canada.

So why doesn’t their financial advice make sense to millennials?

Boomers (those born between 1946 and 1964) are often considered the wealthiest generation. “A unique historical situation — strong economic growth, affordable housing markets and booming equity markets — allowed them to build up a handsome fortune,” according to an Allianz report.

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