A good amount of millennials (63%) are saving, and they are more likely to have a savings goal than members of Gen X and baby boomers.

This is according to the Better Money Habits Millennial Report, which states that 73% of young adults worry about money often/sometimes – similar numbers to 2014’s report.

Despite this, three quarters of Americans believe that millennials are not good at managing money – even 73% of millennials themselves seem to think so.

“Young adults deserve more credit – from others and themselves – for the way they are handling their finances,” said Andrew Plepler, global head of Environmental, Social and Governance at Bank of America. “They’re on par with or even better than older generations, which defies common stereotypes.”

47% of millennials have $15,000 or more in savings, and 16% have $100,000 or more in savings. Back in 2015, numbers were 33% and 8%, respectively.

Related: Millennials ditching bank branches for mobile apps

Similarly, the numbers show that millennials are just as likely to budget as older generations, but more likely to get for raises and get them. One in four millennials consider themselves to be part of the gig economy (taking on short-term contracts or freelance work) and expect to have eight or more jobs in their lifetime. That’s not necessarily by choice – 26% of millennials report they have been laid off.

In comparison, 46% have asked for a raise in the past two years, while just 36% of Gen X and 39% of baby boomers have done the same. 80% of millennials who did asked for the raise got it.

Millennial homes

Nearly one in five millennials don’t know how much their partner makes, as 28% of millennial couples keep their finances separate compared to 11% of Gen Xers and 13% of baby boomers.

30% of millennial parents say financial considerations played a major role in their decision to start a family, but only 22% of Gen Xers and 9% of baby boomers have experienced this. Over a quarter of millennials are saving for their children’s education.

Just a couple of months ago, we reported on a similar survey, which showed how Millennials are out-investing Gen X and Baby Boomers.

by Henry Vilar
Henry is Junior Reporter at IBS Intelligence, follow him on Twitter or contact him at: henryv@ibsintelligence.com