Well, at least millennials are saving.

According to the Spring Merrill Edge Report from Bank of AmericaMerrill Edge, 63 percent of millennials are socking it away in the name offinancial freedom: the amount of savings or income they need tolive the lifestyle they want.

GenXers and boomers, on the other hand, are saving up to get outof the workplace—with 55 percent of them working toward thatgoal.

Younger people are apparently being driven byFOMO—or fear of missing out, with their top goals a dream job ((42percent, compared with 23 percent of older workers) and travelingthe world (37 percent, compared with 21 percent of olderworkers).

Millennials have also relegated marriage and parenting lowerdown on the priority list, with just 43 percent looking forward towedding bells, compared with 51 percent.

Those aren’t the only things they’re focusing on. That FOMOmindset is also driving millennials to spend now on traveling (81percent), dining out (65 percent) and exercising (55 percent).Interestingly, however, they’re still managing to save more thanolder generations, with 36 percent stashing more than 20 percent oftheir annual salary.

Of course, that doesn’t mean that everyone is doing a bang-upjob of saving money; overall, 42 percent of respondents are savingless than 10 percent of their salary, and 7 percent don’t save atall.

And many lack confidence in being able to cope with “what-if”scenarios: 71 percent are not very confident they could hitfinancial goals in the event of a divorce (although just 5 percentare planning for the possibility), 64 percent don’t think raising afamily goes hand in hand with financial success, and just 23percent are saving for a family; and 48 percent are not veryconfident about achieving their goals if they outlived theirsignificant other.

They’re apparently not all that sanguine about financial wisdom,either with 48 percent believing that financial education should bea requirement. Not a bad idea—particularly since 29 percent ofrespondents believe that, in the future, 401(k)s will not be the“gold standard” in retirement investing.