2015 will mark a year of major purchases and life experiences for Millennials, according to data from American Express’ Spending and Saving Tracker. This year, Millennials are more likely than older generations to: buy a car, start a new job, buy a house/apartment/condo, and take a leisure trip.
“More than one-half (56%) of Millennials, defined as age 18 to 34, are likely to pursue life’s major milestones in 2015; in contrast to just one-third among the general population. Three-in-four Millennials are also likely to have 2015 leisure travel plans (vs. 66% overall). Big ticket purchases resonate with most Millennials, but less prevalent among the general population (59% vs. 43%).”
For more on this topic, check out the Consumer Tab in Morning Coffee .
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