We’ve heard a lot of Millennials bashing over the last decade or so. We’ve heard everything from “they’re lazy” and “have no values”, among other myths. I use the word myth consciously here because, without DATA to back up the facts, they are just that.
So, the news I share today is that they are myths after all.
Millennials are no different than previous generations, and in some cases, exceed previous generations. Unfortunately, millennials have been stereotyped as a generation that lacks savings or money management skills. But recent data isn’t backing that up.
A recent article in REALTOR Mag, published by the National Association of Realtors, reports that 16% of millennials age 23 – 37 have saved $100,000 or more.
Check out the full article and sources: