Navigate the holidays so you don’t face scary credit card statements in January

Personal Finance


Source: Money Under 30

For younger consumers, convenience rules, and Amazon shares part of the blame for making millennials less sensitive to prices.

“We order almost everything via Amazon Prime, with full knowledge that we could get the items cheaper with a bit more effort, but it’s just so easy to order it and expect it in two days or less,” said Priya Malani, a founding partner at financial planning firm Stash Wealth and herself a millennial.

Another danger of e-commerce: drunk shopping. Yes, that’s a thing, and millennials are the generation most likely to shop under the influence, according to Finder.com. Sixty-one percent of millennials admit to this. In comparison, just about half of Gen Xers shop online after they’ve had a few.

“Combined with our ‘you only live once’ [YOLO] mentality, it’s no surprise that we’re poised to be the biggest spenders around the holidays,” Malani said.



Source link

Products You May Like

Articles You May Like

That $22 trillion national debt number is huge, but here’s what it really means
Consumer sentiment hits 95.5 in February, vs. expectations for 93
Stocks making the biggest moves premarket: PepsiCo, Deere & more
China’s trade surplus with US ‘will reverse’ over time
Don’t underestimate the impact of a trade deal

Leave a Reply

Your email address will not be published. Required fields are marked *