Nearly a quarter of people aged 24-41 have more than $100,000 in savings , up from 16% in 2018, according to a new report from Bank of America. Savings goalsFor the millennials who are saving, retirement is the top goal with 75% citing it as their main priority, according to the report. Trade-offs and delaysWhile more millennials are growing their savings, 27% of them are not saving at all. Over three-quarters of all millennials are saddled with debt and 16% hold more than $50,000 in debt, not including mortgages. More than three-quarters of millennials who carry debt say it prevents them from achieving their personal and financial goals.

Source: CNN January 30, 2020 15:54 UTC