Chime Study Finds Nearly 50% of Millennials Better Off Than 5 Years Ago
Updated
Updated · KEYE TV CBS Austin · Aug 21
Chime Study Finds Nearly 50% of Millennials Better Off Than 5 Years Ago
2 articles · Updated · KEYE TV CBS Austin · Aug 21
Summary
Nearly half of millennials told Chime they are financially better off than five years ago, the highest share among three generations in a survey of 3,000 Americans.
84% said they experienced a financial mindset shift in their 30s, with the report pointing to stronger focus on stability, long-term goals and active money management.
41% said their financial reality does not match how their life appears to others, underscoring a gap between social-media image and actual financial confidence.
The study also found millennials still pursue milestones like homeownership, marriage and children, but often on different timelines shaped in part by the 2008 recession.
Chime argues the findings challenge the long-running "broke and behind" label, suggesting millennials are redefining financial success around control, security and caring for loved ones.