To all of the writers of articles out there labeling millennials as lazy, entitled navel-gazers, here’s a rebuttal: They’re the most proactive age group of all when it comes to saving money.
In fact, a larger share of millennials contribute to their 401(k) plans than any other generation, according to an annual report by Bank of America Merrill Lynch released today. Eighty-two percent of eligible millennials who have 401(k) plans are contributing to them, compared to 77 percent of gen Xers and 75 percent of baby boomers.
