Despite stereotypes that millennials are foolish with money, not long-term planners, or still dependent on their parents, in truth, this generation is actually just as good, or better, than other generations when it comes to managing money.
- 63% are saving money.
- 59% feel financially secure.
- 57% have a savings goal.
- 54% are budgeting.
Top saving priorities:
- 64% Emergency Funds
- 49% Retirement
- 33% Buy a House
CALIFORNIA ASSOCIATION OF REALTORS®
Source: Bank of America’s Better Money Habits Millennial Report