Survey Finds Where Millennials Are Spending Less Money

ST. LOUIS (KMOX) – The Millennial generation is showing different spending habits compared to older Americans.

A Bankrate.com survey gives a glimpse at how this younger generation spends what it makes. Bankrate’s Robin Saks Frankel says Millennials spend just over $70 more on groceries and a little over $40 more a month on gas than older adults. Where do they spend less? It’s on travel.

“What was a little bit surprising is that millennials report spending about $1943 a year on trips and vacations but older Americans are shelling out significantly more, about $2265 a year,” she says.

Follow us on Twitter | Like us on Facebook

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

Shop KMOX Apparel
KMOX Podcasts
High School Spotlight

Listen Live