What Millennials Want for Christmas — Experiences

ST. LOUIS (KMOX) – For the millennial on your holiday shopping list, forget buying stuff.

According to a new Harris poll, 78 percent would rather have experiences than things.

Eddie Vigil of Argent Capital Management tells the St. Louis Business Journal that millennials – about 23 percent of Missouri’s population – aren’t buying real estate, so they don’t have anywhere to put all the “stuff.”

Experience-based retail spending has spiked 70 percent since 1987.

Coming soon to Ballwin is Flying Spider – a 31,000-square-foot “extreme recreation park.” That company’s CEO says retail is changing, and not for the better.

Case Lawrence says there will be a lot of retail space available in the next decade, and the direction is heading toward the “experiential customer experience.”

(TM and Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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