Millennials – born between 1981-1997, now in their 20s and 30s (and making waves in their chosen careers) – are getting lots of unfair flak for their lavish spending habits. One can assume that the flak is coming from the generations before them, who see a rapid rise in spending compared to what they spent but, heh, times have changed!
Moreover, many of the perceptions are incorrect – for example, Millennials spend 34.9% on housing costs, less than both baby boomers who spend 30.9% and Gen-Xers at 33.1%. This infographic presents the statistical truths of Millennial spending patterns.
6 Shocking Millennial Spending Statistics:
Infographic by – Savebly