Millennials save money more often
Millennials are "just as good, or better, than other generations when it comes to managing money." So says Bank of America's 2018 Better Money Habits Millennial Report.
They’re more likely to set savings goals, and more than two-thirds meet them every month. More than that say they successfully stick to a budget every month.
That's paid off: The number of millennials who said they had $15,000 or more in savings increased from 33 percent in 2015 to 47 percent this year.
They are also ramping up their savings more than other generations. A survey from Discover earlier this year found "35 percent of millennials say they saved more in 2017 than the prior year," compared to 25 percent of Gen X and 22 percent of baby boomers.
That doesn't necessarily mean they're saving more money than other generations, but at least they're on the right track.