Millennials and Money: What the Numbers Reveal About Gen Y’s Spending and Investing Habits

Another day, another discussion about millennials’ money habits. Whether it’s about their daily spending on coffee or luxury items such as gadgets, millennials have become the past generations’ target of gags about their financial irresponsibility.

Millennials, also known as Generation Y, are those who were born between 1981 and 1996. They’re also referred to as digital natives since they witnessed the evolution of technology and the rise of the internet. This fact, however, doesn’t seem to impress older generations. Instead, they see Gen Yers as self-absorbed individuals who make poor financial decisions.  

It’s worth mentioning that not all millennials are bad with money (just as not all baby boomers lived as hippies). Millennials value the importance of financial stability for a comfortable future, which is why some are already practicing good money habits like saving and investing.

Aside from this, there’s a lot we don’t seem to know about how millennials handle their money. See the infographic below to know the truth.  

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