How Millennials Are Spending Their Money During COVID-19
- 4 years ago
How Millennials Are Spending Their Money During COVID-19
According to Business Insider, millennials are changing their spending habits more than any other generation amid the COVID-19 pandemic.
Here are a few ways they are doing it:
1. Many millennials are using their stimulus checks on housing, investments, and student-loan debt.
2. They are taking advantage of lower stock prices. They are more likely than boomers to contribute more money to stock investments.
3. 30% said they are grocery shopping more online, compared to 21% of people across all age ranges.
4. They are preparing more meals at home, and are consuming more fresh and organic food.
According to Business Insider, millennials are changing their spending habits more than any other generation amid the COVID-19 pandemic.
Here are a few ways they are doing it:
1. Many millennials are using their stimulus checks on housing, investments, and student-loan debt.
2. They are taking advantage of lower stock prices. They are more likely than boomers to contribute more money to stock investments.
3. 30% said they are grocery shopping more online, compared to 21% of people across all age ranges.
4. They are preparing more meals at home, and are consuming more fresh and organic food.