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Millennials managing money well, but some beliefs hold them back

Many millennials are managing their money just fine -- but they still think their generation overspends, and many don't know how much their spouse or partner makes.

By Marlene Y. Satter | Updated on January 25, 2018
Many millennials are managing their money just fine -- but they still think their generation overspends, and many don't know how much their spouse or partner makes. (Photo: Shutterstock)

Poor millennials. Beset by studies that find they’re unable to save or manage their money wisely (Money? What money? Can you say student debt?), now they’re the subject of another study that finds they can too manage what little they have.

So says the 2018 Better Money Habits Millennial Report from Bank of America, which says that in fact millennials are doing very well, thank you, at managing money—better, even, in some cases than other generations—and not only set but meet savings goals.

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