Nearly 1 in 4 millennials report having $100,000 or more in savings. (via CNBCMakeIt)
Nearly a quarter of the millennial population has $100,000 or more in savings, up from the mere 16% who had hit this milestone in 2018, according to a, Bank of America's report is not saying that 24% of millennials simply have $100,000 lying around a savings account.
"It's a reasonably good economy, and so for those who do save and have been able to put money into a 401, they've had some nice tailwinds," says Plepler, who is the global head of Bank of America's environmental, social and governance initiatives.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 ways to spend $100 today to be richer by this time next year - Business InsiderBy making smart choices with even small amounts of money you have today, you'll set yourself up for big changes over the long term.
Read more »
The NFL and nearly half of its teams had their Twitter accounts hackedWith less than a week to go until Super Bowl LIV, the NFL is dealing with a breach that saw the Twitter accounts for nearly half of the league's teams get hacked.
Read more »
Nearly 700 women in the United States die each year due to pregnancy or childbirthThe number of women dying each year due to pregnancy or childbirth in the United States has not budged and some women remain more at risk of death than others, according to a new government report.
Read more »
NASA has been touting Trump’s moon plan for nearly a year. Now it faces its first real test in Congress.On Wednesday, the House space subcommittee begins consideration of a bill that flatly rejects the Trump administration's space priorities and directs NASA to prioritize travel to Mars over returning to the moon.
Read more »
The complicated beauty of student debt forgiveness, according to the CEO who cleared the loans of nearly 400 Morehouse gradsIn May 2019, Robert F. Smith, founder and CEO of private equity firm Vista Equity Partners announced that he and his family would give $34 million to pay off the student loans of nearly 400 students. At the 50th World Economic Forum in Davos, Switzerland, Smith spoke with CNBC about the economic and philosophical principals behind his decision.
Read more »