Better Money Habits® Millennial Report

Today’s young adults will shape our nation’s economic landscape for decades to come. Over the course of three years, Bank of America has worked with USA TODAY to survey thousands of young adults to gain insight into their money mindset. Here is the latest from the Fall 2016 edition of the report.

Our Fall 2016 report found:

  • A majority (59%) of respondents reported being worried about finding a career path that will support the lifestyle they’ve envisioned for themselves.
  • Young Americans ages 18 to 21 were just as likely to be saving as those ages 22 to 26.
  • The majority of 18 to 26 year olds who have student debt (57 percent) said it would impact their voting decision, with 22 percent reporting that it would impact their decision a great deal.

For complete findings, download the Fall 2016 report

Download the Fall 2015 report

Download the Spring 2015 report

Download the Fall 2014 report

How millennials define financial independence

39%

Financial
Milestone

14%

Moving out
on your own

7%

An education

7%

Getting married/
starting a family

Close Disclaimer
The material provided on this website is for informational use only and is not intended for financial or investment advice. Bank of America and/or its affiliates, and Khan Academy, assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional when making decisions regarding your financial or investment options.

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