Washington, D.C. is the top market for wealthy Millennials and Boomers, according to report from market research company Nielsen.

Yes, 1.9 percent of Millennials (defined as people born between 1977 and 1995) in the D.C. designated market area (which includes a huge number of places that surround the city) make more than $100,000 a year in income, while 8 percent of Boomers (1946 to 1964) do, too. (There are 210 DMAs in the U.S., for reference.)

Nielsen.

Nielsen.

The information comes from a report on the younger generation that seeks to debunk some of the dumber myths, like that Millennials are “frivolous spenders.” But why shouldn’t they be when they make up 14.7 percent of those with assets beyond $2 million nationwide? According to Nielsen, roughly 2.5 million Millennials make more than $100,000 a year in income.

D.C. is also one of the top markets for Millennial concentration, at No. 6. We’re below the Austin, Salt Lake City, San Diego and Los Angeles markets, but above Houston, Las Vegas, San Francisco and Dallas-Fort Worth. The D.C. market is actually the exception, as most of the top markets for Millennials are in the western portion of the country, Nielsen says.