Better Money Habits® Millennial Report

Today's young adults are rising in the ranks at work, getting married and having kids. They play a significant role in shaping our nation's economic landscape. That's why we've taken a pulse on millennials' (ages 23-37) money mindset for each of the last four years.  Here's the latest from the report:

Our Winter 2018 report found:

  • One in four millennials worry often about their finances, citing not having enough money saved as the top stressor.
  • 73% of millennials say their generation overspends, and 64% believe that their generation is bad at managing money.
  • But in reality, millennials are saving (63 percent); the majority of millennials who have a savings goal meet it (67 percent).

For complete findings, download the winter 2018 report

Millennials are solid savers and budgeters

67%

of millennials who have a savings goal stick to it every month or most months

73%

of millennials who have a budget, stick to it every month or most months

47%

of millennials have $15,000 or more in savings

16%

of millennials have $100,000 or more in savings

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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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