Study: Many millennials are not focused on finances

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MEMPHIS, Tenn. — Millennials may be getting older, but not necessarily wiser when it comes to their money.

A new report revealed only one-third are focused on their finances and many showed a real disconnect between how good they think their situation is versus the reality of their bank accounts.

Financial advisor Larry Tolbert talked about it with Marybeth Conley and Alex Coleman on Live at 9 Tuesday.