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tony

Why Aren't Millenials Spending More?

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In a different article which I won't post, the tuna industry was blaming the decline of tunafish sales on millenials because they don't own  can openers. I guess the baby boomers spoiled everyone with their spending habits and now its time to return to reality?

 

Opening Excerpt  From Article below: 

Since millennials first started entering the workforce, their spending habits have been blamed for killing off industries ranging from casual restaurant dining to starter houses. However, a new study by the Federal Reserve suggests it might be less about how they are spending their money and more about not having any to spend.

https://www.npr.org/2018/11/30/672103209/why-arent-millennials-spending-more-they-re-poorer-than-their-parents-fed-says?utm_source=pocket&utm_medium=email&utm_campaign=pockethits

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Yep, not having any to spend was my young adult experience 100%, and Wow! That was a HUGE blessing in disguise. I practiced frugal living while growing up and in my entire life. 

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