Without a doubt, times are changing. Of course, this also means that spending habits are shifting as well! Millennials are what we call the people who were born from 1981 to 1996. The members of this generation are no longer buying the same products that older Americans could not imagine living without. Let us find out exactly why certain things are becoming outdated in this day and age.
Spending Habits That Millennials Are Actively Avoiding And Why
Cars (And Gas)
Millennials are no longer buying as many cars as their predecessors did. In fact, a lot of them do not even have a driver’s license! In the past eight years, the number of drivers aged 18 to 25 years old has gone down by almost 25%. Market experts claim that millennials prefer to take the public commute instead of looking for a place to park. Youngsters have also turned to ride-sharing apps instead.
Cars (And Gas)