Millennials are conservative, cheap and could be the wisest generation

Having internalised lessons of the recession, young people can prove naysaying elders wrong by being smart with money

Could millennials, still grappling with the fallout of the Great Recession, emerge better prepared to address all the personal financial challenges confronting them than the rest of us?

Some intriguing new research from UBS suggests that these young people, now ranging in age from 21 to 36, could just pull off that feat.

Millennials also win kudos for their emphasis on saving and living frugally. The UBS survey revealed that 45% thought that would be key to achieving their life objectives, compared to 39% of the rest of us. So far, so good.