Millennials are far more careful with finances than older generations say

Kids these days, right?

The under-35 “Millennial generation” is “lazy, entitled, selfish and shallow,” according to Time. “They often are unable to think for themselves,” reports “They don’t necessarily understand the value of money because many of them have no experience with it, and yet, incredibly dichotomously, they think they deserve to be highly paid,” says Business Insider.

But recent data reveal that, at least when it comes to money, Millennials are far more careful than their “spoiled” reputation would suggest—and that will reshape the economy, for better or worse, experts say.

Read more from our new series, Young Money