()– Perhaps it’s time for you to reevaluate your knowledge about Millennials.

A new “Relationship With Money”Edward Jones, a financial services company, conducted a survey and found that Americans who were born between 1981-1996 are more likely to consider themselves to be self-sufficient. “savers”Millennials had a higher percentage of emergency funds saved than those of their parents’ Gen X cohort (48% vs. 46%),

This is right: the same Millennials that are more into avocado toast than home ownership.

These are the same Millennials whose slogan could be “Why buy a car when you can Uber?”

“This debunks the myth that Millennials aren’t as financially focused as other generations,”Nela Richardson, an investment strategist for Edward Jones, said that.

The survey isn’t an exception.

According to the Federal Reserve Survey on Consumer Finances, Millennials are in deep debt. However, 42 percent of them have retirement accounts. This is the highest percentage since 2001 for people under 35.

One reason Millennials are so focused on saving is because of their lingering memories from the Great Recession. “Back in the late 2000’s, the oldest cohort of millennials entered the worst job market since the Great Depression of the 1930’s,”Richardson. “For younger millennials, watching their parents and other family members go through that experience may have also made them more aware of the risks of a market downturn or some other unexpected event, like losing a home or a job, and so they’re more conservative when it comes to spending and saving in their adult lives,”Richardson.

Edward Jones’ survey of over 2,000 adults aged 18 and older revealed one potential alarm bell: Although 92 percent of those surveyed admitted to having financial problems, more than a third of them felt that saving money was a good idea. “anxious”Or “overwhelmed.”

These are the steps to take if this sounds familiar:

• Identify your money-related emotions. Emotional responses to money are common. A big bonus at work can make it feel great. But, it can also cause you to be overwhelmed by the decision-making process. The key thing is to remember that letting your emotions determine your spending, saving, or investing choices can lead you into poor decisions.

• Develop a financial strategy.To keep your cool, you must first identify your main goals: a downpayment on a house, college for your kids, and a comfortable retirement. Then, follow a sound, long-term course to reach them.

• Get an “accountability partner.”It could also refer to someone you feel comfortable sharing your finances with. It could be a member of your family. You could also consult a financial professional, such as a local one. Edward JonesShe has the experience, perspective and skills to assist you in making the right decisions.

“Whether you are strapped with student debt, saving to buy a home or trying to build an emergency fund, there are trade-offs that must be made in balancing these short-term goals and our long-term financial future, such as investing for retirement,”Richardson spoke. “Without a sound financial strategy, most people tend to be reactive rather than proactive and feel like their money is controlling them.”