Millennials are stuck between having a financially responsible mindset and having the resources and discipline to pull off long-term results, finds a USA TODAY/Bank of America Better Money Habits poll of Millennials.
The survey of 1,001 people ages 18-34 reveals a disconnect between the way Millennials think about their finances and what they're actually able to achieve. They say they have good financial habits, though the majority still worry about their financial situations. They think they'll be at least as well off, if not more, than their parents — yet more than a third still receive financial support from family. They say they're good at living within their means, but many are living paycheck to paycheck. And while this age group has prioritized reducing debt, many are unable to put away emergency savings simultaneously.
Read more...Millennials want to save, many can't
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