Millennials are killing fast food. They’re wiping out golf. Thanks to them, mayonnaise is as good as dead.

If you believe the latest survey — no need to specify which survey here, they’re all virtually the same — there’s very little millennials can’t do. Except, of course, save for retirement, control their spending and keep their grubby young hands off luxuries like coffee and avocados.

So what’s true and what’s false? Much of the above falls into the latter category. Millennial stereotypes make good headlines, but they’re often just that.

Here are some myths about the way millennials handle money, followed by the facts…

Read the rest of the article at Forbes.com.