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Millennials may be better at saving than they get credit for: almost half of 23-37-year-olds have $15,000 stashed in savings while 16% have $100,000 or more.This shows a jump from Bank of America’s 2015 report, which found just one-third of Millennials had saved up over $15,000 and only 8% could claim $100,000 on their bank account balances.

Jan 24 2018

Millennials may be better at saving than they get credit for: almost half of 23-37-year-olds have $15,000 stashed in savings while 16% have $100,000 or more.This shows a jump from Bank of America’s 2015 report, which found just one-third of Millennials had saved up over $15,000 and only 8% could claim $100,000 on their bank account balances. Ypulse found that saving is one of the generations’ top financial priorities, but don’t just take our word for it: BofA reports that more Millennials are saving and have a savings goal than Gen X or Baby Boomers. (MarketWatch)

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