1 in 6 Millennials has $100,000 in Savings

I’m popping in mid-week as a departure from regular programming to talk about a new Bank of America survey, which I read about in USA Today, showing millennials are doing better than a lot of people (including me!) think.

According to the study, 16% of millennials (now age 23-37) have at least $100,000 in savings. The number was just 8% in 2015. 47% of millennials have a minimum of $15,000 in their bank account.

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a deck, freshly painted chocolate brown

Millennial Money: What is it, and how can we make it?

We were in front of our new home. I had run back inside for something– scissors, probably. We’re always losing scissors. But my husband was standing out front, telling our well-intentioned but incredibly nosy neighbor about our plans to repaint the deck.

“Of course you can do that,” she said, laughing. “Making that millennial money!”

When he told me about it afterward, I couldn’t stop laughing. Millennial money? Is that like Monopoly Money? In that, you know, it’s not real?

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