DC area millennials more confident about money

DC area millennials more confident about money

Washington area millennials are more confident about their financial situation than young people nationwide, according to a Bank of America survey.

Just 31 percent of millennials here are stressed about money compared with 41 percent nationally. An impressive 71 percent of local millennials are satisfied with their finances vs. 55 percent nationally. So it follows that 58 percent of Washington area millennials are likely to pay off their credit card debt every month, but just 38 percent of millennials nationally are.

Perhaps not surprisingly, a whopping 76 percent of millennials in the Washington area are concerned about the cost of living, much higher than the 61 percent nationally who are.