New Study Affirms Savings Habits of Millennials » Mortgage Masters Group

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Millennials come under fire for the banking industry’s decline but banks need to take a closer look at what they’re doing wrong before pointing the finger.. millennial generation banking Habits.

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Bank of America study shows millennials are doing a good job of stashing away money. Around one of six millennials has at least $100,000 in savings. Nearly half have $15,000. Their habits are nothing to scoff at either, with nearly three of of four millennials creating and sticking to a budget each month.

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Most millennials don’t see themselves being homeowners when they look into their crystal balls, a new survey finds. The eye-popping statistic from their findings: 70% of those surveyed believed that they would struggle to qualify for a mortgage, perhaps explaining lowered expectations for subsequent ownership.

A new study by WalletHub used "30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate" to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials.

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