Mortgage

[Chart] Millennials worry about the affordability of life itself

BofA: This keeps them up at night, probably

The cost of living is a main concern for the majority of Millennials, regardless of where they live. 

This should come as no surprise though given that home prices are up both year over year and month over month, according to the latest August CoreLogic (CLGX) report.

The latest results from the third installment of the Bank of America (BAC)/USA TODAY Better Money Habits Millennial Report, which measures millennials’ attitudes and priorities around money, shows exactly what is keeping the generation up at night.

Bank of America and USA TODAY commissioned the survey of 1,320 millennials to explore millennials’ challenges, behaviors and attitudes related to achieving financial wellness.

The survey also delves into what factors play into where Millennials chooses to live. This generation is projected to become the largest homebuying age group by the end of 2015.

Here are the results of the survey, and what exactly about life bothers this generation.

Click to enlarge

Housing

(Source: Bank of America)

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