Millennials may be saving more than you think—but not for retirement.

Millennials may be saving more than you think—but not for retirement. A Bank of America Merrill Edge survey shows 18-34-year-olds are saving more of their income on average than Boomers, Gen X, and even senior citizens, but only 37% are saving “to leave the workforce” compared to 67% who are saving “to live [their] desired lifestyle.” Most respondents also believe investing will change dramatically in the future—which is backed up by all the new finance apps we’ve seen in this year alone. (MerrillEdge)