Research from American Funds, a family of mutual funds from Capital Group, reveals how consumer’s experience shapes their saving and investment habits and how generations differ regarding them. Baby boomers, for example, have only limited return expectations but are concerned with loss downside protection to the greatest extent. Limiting losses is a top priority for this germination. While baby boomers have the most positive and optimistic outlook on retirement, the Generation X is most concerned with not having sufficient savings and is, due to having lived through two major market crashes, most anxious about investing. Millennials, on the other hand, have understood that they need to start saving for their retirement early. Please find the full study “The Wisdom of Experience: Lessons Learned From Millennial, Generation–X and Baby Boomer Investors” on thecapitalgroup.com.