millennial economics

Millennial economics refers to the financial behaviors and challenges faced by the generation born approximately between 1981 and 1996. This group tends to prioritize experiences over possessions, often delaying traditional milestones like homeownership or starting families due to economic factors such as student debt, rising living costs, and job market volatility. Despite their spending on technology and travel, many Millennials are also cautious savers, aiming for financial stability amid uncertain economic conditions. Overall, their economic habits reflect adapting to a changing job landscape and addressing long-term financial pressures differently than previous generations.