Millennials can be known for some negative financial stereotypes, like spending money on expensive Avocado toast, instead of saving.
But a new report suggests that’s not the case, especially in Austin.
Zack Haligman is searching for a job in Austin after graduating from college.
"I knew this was the place for me," said Haligman. "I think there's just lots of opportunity I think for someone my age."
According to the Bank of America 2018 Austin Millennial Trend Report, more than half of those surveyed in Austin said the job opportunities is the number one benefit to living in the city.
Rebecca Flores, an Electronic Media major at Texas State University, agrees.
"It doesn't surprise me at all honestly because there's so many different kinds of opportunities, and Austin is very different, and I think millennials attach to that kind of different vibe that Austin gives off," Flores said.
"Big companies are moving here, so they're moving here for opportunities there,” said Nikki Graham, the Austin Market President for Bank of America.
Graham said the bank conducted a survey so it could continue to improve and cater financial tools -- which are offered online and on mobile apps -- to millennials.
"They want to use that technology to enhance their financial future so they're doing things a little bit differently,” said Graham.
According to the survey, even though 66 percent of Austin millennials said housing costs were their top financial obstacle, 60 percent are saving and 59 percent budget.
Higher than the national average, 37 percent said they worry about finances.
"Millennials sometimes get a bad reputation for not, or being frivolous with spending, what we've found on the study is that millennials are actually really focused on paying down their debt, so one in seven had reduced their debt over the last year by almost 20 percent," said Graham.
The study also shows millennials believe stereotypes about themselves, showing 75 percent feel their generation overspends, and think they’re bad at managing money.
33 percent of Austin millennials said finances play a major role in having children, which Bank of America said has not been the case for previous generations, and 25 percent of older millennials are already saving for their child's education.
“Even more so than previous generations millennials are very much focused on their financial future,” said Graham.
The study also said more than a third are part of a “gig” economy, which is made up of short term contracts or freelance work, and higher than the national average.
"I think anybody loves to be their own boss, make their own schedule,” said Flores.
"You can really benefit yourself I guess as your own boss, and creating your own business, and making your dreams come true,” said Haligman.
29 percent believe they will have eight or more jobs in their lifetime -- again higher than the national average.
"I feel like now it's so easy to apply for jobs, with places like indeed and stuff, where you can just check your options, even if you just wanted to see," said Flores.
"I know if I stick in this industry, I will have maybe 4 positions in the next 5 years if I stay on the route I want to stay on,” said Haligman. "You always have to be learning, so every step of the way will have a different job title, but they'll all just be steps to where you want to be in life."
But some of the data was surprising to the millennials KVUE spoke with. For example, one third of Austin millennial couples handle finances separately, and one in five don't know their spouse's salary.
"To not know where money is, or where its' going, or how much they're making, it's bizarre,” said Flores.
Haligman was equally surprised.
"Wow, no I did not know that, I think it would be in their best interest to know their spouse's salary,” said Haligman.
It’s important information to these millennials, and banks, to help them achieve a successful financial future.
You can check out the tools Bank of America offers at BetterMoneyHabits.com