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Millennials Are Saving Money

Tupper Briggs

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors available over the years...

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors available over the years...

Oct 4 1 minutes read

Bank of America reports that 63% of Millennials are saving money, about the same as Generation X and not far behind Baby Boomers. 16% of people 23 to 37 have $100,000 in savings—that’s double the number of young people who had that much saved in 2015. Nearly half have $15,000 saved, up from 33% in 2015. Despite early stereotypes of Millennials as being foolish with money, they are proving to be financially responsible. 

Top priorities for their savings:

-emergencies

-retirement

-buying a home

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