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New Study Affirms Savings Habits of Millennials

Jan 24, 2018 (0) comment

NMP – When it comes financial responsibilities, Millennials are exercising maturity and good planning, according to the Better Money Habits Millennial Report released by Bank of America.

Millennials, who are defined in the report as being between the ages of 23 to 37, are saving (63 percent) and are meeting their savings goal (67 percent). This youthful demographic is more likely to say they have a savings goal (57 percent) when compared to members of Gen X (42 percent) and Baby Boomers (42 percent).

How much money are Millennials saving? Forty-seven percent of Millennials surveyed for the report said…

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