Surveys continue to show a major disconnect between how optimistic many millennials are about their financial future and what they are actually doing to make sure they achieve their goals.
In a Bank of America/USA TODAY survey released Wednesday, the majority of millennials say they are good at living within their means—paying off credit cards in full each month and limiting spending. Yet more than half admit to living paycheck to paycheck—and many are still living with or living off their parents.
More than a third in the survey of 1,001 people ages 18-34 still depend on the "Bank of Mom and Dad" for financial support for regular expenses, including cellphone bills, groceries, clothing, car payments and health insurance.
Sure, it's tough to save when saddled with student debt. Yet a third of the millennials are able to save—for a vacation. And more are saving for travel than for a house.