spending: The financial services industry is no different, according to The Guardian. We know 72% of millennials plan to focus their spending on experiences rather than big-ticket tangible goods, such as new cars. The 83 million or so members of this generation – a quarter of America population, the largest age cohort – have every facet of their lives studied by those who want to analyze their behavior, mostly in order to better sell them goods and services. Facebook has told us only 37% have a financial plan, although 86% save. Another survey found that only 20% believe they'll be able to retire at 65, possibly because 63% aren't saving. More than half told Fannie Mae that debt is stopping them from buying a home.
(news.financializer.com). As
reported in the news.
Tagged under spending, cars topics.