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Watching the financial woes of those around them during the Great Recession has certainly made an impression on millennials, many of whom are making laser-focused efforts to save their own money.
That's among the findings of Bank of America's Better Money Habits report, which found that nearly a quarter of millennials that are saving have at least $100,000. That's up from just 16 percent in 2018 and 8 percent in 2015, and while that's good news, plenty of other millennials are still struggling.
Not only do they feel as if they're trailing their peers, they're also dealing with both short- and long-term financial priorities while dealing with substantial debt.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
