Contrary to what the mainstream media might have you believe, millennials aren’t just squandering their money on avocado toast and craft beer while plotting the demise of Applebee’s.

Millennials––or at least those aged 23 to 37––are becoming savvier when it comes to personal finance, at least according to Bank of America’s recent report. About 60 percent of millennials now say they feel financially secure––and they’re not just delusional. Roughly 47 percent of millennials have $15,000 or more in savings, while 16 percent have $100,000 or more. Of millennials who budget, about 73 percent stick to their budget most of the time.