Wait...so millenials aren't as bad with money as we think?!
Millenials have constantly gotten the reputation of being bad with money and not thinking about the "traditional" values of genX and baby boomers. However, some recent research I came across seem to point to the fact that maybe, the uncovering of new and different revenue streams is really just the cause. According to a BoA research study, they found that 1/6 millennials (ages 23-37) already have $100,000 or more in savings, while nearly 50% have at least $15,000 stocked away.
That's actually quite surprising to me although there definitely are concerns with long term outlooks. Still, pretty cool and interesting info to say maybe the sky isn't falling as much as we thought.