Millennials Are Spending More on Coffee Than on Saving for Retirement
January 17, 2017
If there’s one thing that unites radically individualistic Millennials, it’s their love of coffee. Not only are they “very emotional” and snobby about it, but Millennials are currently drinking the world’s coffee supply dry.
And if you’re thinking there might be a link between this copious coffee consumption and notoriously bad Millennial money-saving habits, survey says… “You’re right!”
According to a recent SurveyMonkey report undertaken on behalf of investing app Acorns, almost half of Millennials have spent more money on coffee than on retirement investing.
Named “Money Matters,” the survey, which looked at the spending habits of more than 1,900 Millennials (18 to 35 years old), broke down their results into various categories, including gender. Turns out that young women are particularly frivolous.