They might not have all the answers, but some of millennials' money habits may surprise you.

Are you a twentysomethings complaining about your job and reminiscing about how great the 90s were because of cartoons? Congrats, you’re totes def a millennial.

But while millennials are maligned in the media for being narcissistic and lazy, they’ve also got some pretty spot-on money habits, too, like saving early for retirement and wanting to make a positive impact in their career.

Do you have the attitude of a millennial when it comes to money?

Millennials: Born between 1985 and 2004

If you’re a millennial when it comes to money, you’ve got a head start on saving for retirement, probably thanks to your parents. Millennials trust their parents more than anyone else when it comes to money, which is also why they tend to avoid credit cards and place most of their money in savings accounts rather than risking the stock market.

Gen X: Born between 1965 and 1984

Gen X-ers, or the “sandwich generation,” face a unique set of financial challenges: They make more than millennials, but have harder time saving, due to mortgage payments, greater credit card debt, and for some, helping their children afford college tuition. Sometimes, their finances are also drained by their parents who require medical or financial assistance.

Baby Boomers: Born between 1946 and 1964

Baby boomers hold more wealth than any other generation. Mostly because they came of age in a period of strong economic growth and have had more time to save. They’re also more distrusting of financial institutions and credit, preferring to depend on cash for most small purchases.

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Meet the Author

Jess Miller

Jess Miller


Miller is the former assistant editor of

Budgeting & Saving

Baby Boomers, banking, millennials, quizzes

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Article last modified on October 11, 2018 Published by, LLC . Mobile users may also access the AMP Version: Are You a Millennial When It Comes to Money? - AMP.