There's a good chance those entitled, lazy Millennials you're always griping about are better financially prepared than you were at their age.

High net worth Millennials - those under age 35 - are more confident and prepared than previous generations because of the support they receive from family, according to a survey by RBC Wealth Management. The majority of Millennials (80%) say they feel responsible for understanding their own financial affairs, while 69% reported they conduct their own financial research. That latter point is especially noteworthy, as just 61% of Generation X (35 to 55), and 47% of Baby Boomers (over 55), reported they do the same.

Unfortunately, thanks to the financial crisis, most Millennials had to learn about finance on the fly. Millennials began their formal education on financial issues around age 20, while Gen-Xers said they started learning around age 25, and Baby Boomers around age 32.

"Millennials are more educated than previous generations, with more attending college than their parents and grandparents," said Angie O'Leary, head of Wealth Planning at RBC Wealth Management-U.S. "They're a more mindful generation with a global perspective, all of which has factored into their sense of responsibility about finances."

Unfortunately, that means economic fluctuations are taking a disproportionate toll on the nation's youngest adults. According to a report from Merrill Lynch, Millennial employees (67%) are more than twice as likely as Baby Boomers (32%) to report that financial stress interferes with their ability to focus and be productive at work. While 43% of employees spend an average of three or more working hours per week on personal finances, and 21% spend five hours or more, Millennials dedicate four hours of their work week to personal finances. That's double the amount of time dedicated by Gen Xers and four times that of Baby Boomers.

Though nearly 3-in-5 employees even say financial stress has a negative effect on their physical health, a whopping 68% of Millennials say it's taking a toll -- compared to just 51% of Baby Boomers). It's also a daily concern, with a survey by Franklin Templeton finding that 47% of Millennials are concerned about short-term market volatility, while 53% think they won't achieve their goals.

"The 24-hour news cycle and global uncertainty contribute to an outsized preoccupation with the short term," says Michael Doshier, vice president of retirement marketing at Franklin Templeton Investments. "Retirement planning should be approached holistically with a long-term focus, taking into account both short- and long-term risk tolerance and overall goals in relation to various demographic factors like household size."

Perhaps because of the reputation they've been saddled with, Millennials have been increasingly focused on financial independence. According to a survey by Bankrate.com, Millennials think people should be able to pay for their own housing at age 22, for their own car at 20.5 and for their own cell phone at 18.5. In all three cases, Millennials' average response is about a year and a half earlier than Baby Boomers feel is appropriate.

"Millennials are often stereotyped as being entitled," said Sarah Berger, The Cashlorette at Bankrate. "It's refreshing to see that Millennials really do have high expectations of gaining financial independence and getting off their parents' payroll."

In fact, 53% of Millennials told RBC that they intend to provide a greater level of support to their beneficiaries than they received. That includes some of the 51% received guidance from other family members on wealth transfer. As a result, 35% have drafted a will, while 64% have taken the first steps in their retirement and estate planning.

"Regardless of their level of preparation, Millennials are learning about finances earlier, and that's a positive trend," O'Leary said. "As long as they're thinking about the basics of financial literacy, such as budgeting, investing and saving for retirement, they'll be off to a great start."

Worried about how to pay for your golden years? Ken Fisher, founder of Fisher Investments, and TheStreet's Jim Cramer will tell you what you need to know in a June 21 webinar on the market trends that are shaping retirement planning today. Register here for the event, which starts at 11 a.m. ET.

What's Hot on TheStreet

Beware Tesla fanboys: Tesla (TSLA) burning money, but shareholders are the likely ones to blister and feel the pain. The standard 90-day corporate equity lockup period for Tesla, following its $402.5 million stock sale of March 16, ends Thursday TheStreet reports. As a result, Tesla will be free to conduct another stock offering as soon as Thursday, which is a real possibility given the electric car company's debt situation, partly due to its Solar City investment, and need for additional cash. Any new issuance the company may seek would likely need to take place before July, which is when Tesla issues its quarterly report on car sales. Alternatively, an offering could come in late August after Tesla issues its quarterly financial report.

Shares could start to come under pressure.

Mining stocks get whipped: Global mining stocks found themselves in a hole Thursday TheStreet reports, after South Africa's government said that at least 30% of domestic mining assets should be black-owned even if previous black owners sell their stakes. South African-exposed mining companies fell sharply in the wake of the announcement. London-listed Anglo American plc (AAUKF) tumbled 4.4% to 1,013 pence ($23.87) a share, South32 Ltd fell 4% to 158 pence, BHP Billiton plc (BHP) was down 2% to 1,155 pence, Rio Tinto (RIO) fell 2% to 3,079 pence and Glencore plc (GLNCY) fell 2.6% to 279.2 pence. South African gold producers were hit even harder. Sibanye Gold Ltd. (SBGLF) plummeted 6.7% to 1,562 South African rand ($121.38) and AngloGold Ashanti Ltd. (AU) fell 4.8% to 14,015 rand.

Amazon eyes a new prize: Amazon (AMZN) may be preparing a deal to buy Slack Technologies in a deal that could value the messaging startup group at more than $9 billion, TheStreet points out. With Microsoft's (MSFT) deal for LinkedIn being well-received, this deal seems logical for an Amazon that is aggressively expanding into the cloud.

One has to wonder though: why isn't Apple (AAPL) considering Slack or for that matter, Twitter (TWTR) . Each service would provide valuable insight into human behavior from which to build new products and services.

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Worried about how to pay for your golden years? Ken Fisher, founder of Fisher Investments, and TheStreet's Jim Cramer will tell you what you need to know in a June 21 webinar on the market trends that are shaping retirement planning today. Register here for the event, which starts at 11 a.m. ET.

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