The Baby Boomers and Generation Xers are giving Millennials a bad reputation on their financial habits and spending habits. Millennials are becoming a strong force in the U.S economy and previous generations are looking at them to see how they are going to affect the U.S economy.
Millennials are shown to have some bad spending habits but so do previous generations. The fact is that Millennials are drowning with student loan debt and housing costs are rising rapidly.
This causes Millennials to adapt to their financial situation. Millennials are using more coupons than the previous generations. Check out this awesome infographic on Millennial Spending statistics.
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