1 in 6 millennials have $100,000 in savings. This is how

Source: Michelle Singletary, Washington Post (Paid Registration)

Turns out many millennials aren’t as broke as we think.  A Bank of America report found that nearly half of millennials in their poll — Americans 23 and 37 — have $15,000 or more saved, and one in six have more than $100,000 in savings.

In reporting on Bank of America’s “Better Money Habits,” USA Today spoke to millennials who discovered they could save a lot of money by moving back home with their parents.

 

Read Full Article: 1 in 6 millennials have $100,000 in savings. This is how