{"id":2062,"date":"2018-01-31T11:00:26","date_gmt":"2018-01-31T11:00:26","guid":{"rendered":"https:\/\/thezakariagroup.com\/study-shows-millennials-deserve-more-credit\/"},"modified":"2018-01-31T11:00:26","modified_gmt":"2018-01-31T11:00:26","slug":"study-shows-millennials-deserve-more-credit","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/study-shows-millennials-deserve-more-credit\/","title":{"rendered":"Study Shows \u201cMillennials Deserve More Credit\u201d"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/01\/29162954\/20180131-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt='Study Shows \"Millennials Deserve More Credit\" | Simplifying The Market' style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/01\/29162954\/20180131-Share-STM.jpg 750w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/01\/29162954\/20180131-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p>When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it\u2019s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the majority of these stereotypes paint the generation in a negative light.<span id=\"more-37001\"><\/span><\/p>\n<p>A new study by <em>Bank of America<\/em> entitled <a href=\"https:\/\/bettermoneyhabits.bankofamerica.com\/content\/dam\/bmh\/pdf\/ar6vnln9-boa-bmh-millennial-report-winter-2018-final2.pdf\"><em>Better Money Habits Millennial Report<\/em><\/a> recently came to the defense of the generation when it reported that:<\/p>\n<blockquote>\n<p><em>\u201cMillennials deserve more credit \u2013 both from themselves and from others \u2013 for their mindfulness when it comes to money and their lives.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Here are some key takeaways from the study proving that millennials deserve more credit for what they are already doing:<\/p>\n<ul>\n<li>63% are saving \u2013 (47% have $15,000 or more in savings)<\/li>\n<li>54% are budgeting \u2013 (73% who have a budget stick to it every month)<\/li>\n<li>57% have a savings goal \u2013 (67% who have a goal stick to it every month)<\/li>\n<li><strong>46% have asked for a raise in the past 2 years \u2013 (80% who asked for a raise got one)<\/strong><\/li>\n<li><strong>59% feel financially secure \u2013 (16% have $100,000 or more in savings)<\/strong><\/li>\n<\/ul>\n<p>Many have wondered if millennials even want to own their own homes or if they would choose to rent instead. Well, not only do they want to own their own homes, but many already do and are looking to trade up! A recent <a href=\"https:\/\/www.housingwire.com\/articles\/40969-realtorcom-heres-why-baby-boomers-keep-millennials-from-buying-homes\">study<\/a> by <em>realtor.com<\/em> shows that 49% of Americans who plan to sell their home in the next 12 months are millennials!<\/p>\n<p>Danielle Hale, <em>realtor.com\u2019s Chief Economist,<\/em> gave some insight into why millennials are looking to sell,<\/p>\n<blockquote>\n<p><em>\u201cThe housing shortage forced many first-time homebuyers to consider smaller homes and condos as a way to literally get their foot in the door. Our survey data reveals that we may see more of these homes hitting the market in the next year.\u201d<\/em><\/p>\n<\/blockquote>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Not every millennial fits into the stereotypes that are so prominent in our society. Those who have risen above the stereotype are ready and willing to buy a home of their own, and many others already have!<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it\u2019s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,100,109,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Study Shows \u201cMillennials Deserve More Credit\u201d - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/study-shows-millennials-deserve-more-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Shows \u201cMillennials Deserve More Credit\u201d - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. 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