Average Millennial Eats Out Five Times A Week, Study Finds

CBS Local– Everyone loves eating out or grabbing a few drinks, but Millennials may be enjoying these luxuries a bit more frequently than generations before them. A new study by Bankrate has found that Millennials could improve their money management by limiting their food, coffee and alcohol purchases.

The study found that 54 percent of Millennials eat out at least three times a week, 30 percent purchase coffee at least three times a week. and 51 percent go out to a bar once a week.

“Often, it’s the minor, habitual expenses, such as take-out and alcohol, that wreak havoc on your budget,” said Sarah Berger, via a press release. “Small steps, such as preparing meals at home and brewing your own coffee, can add up to big savings over the course of a year.”

Bankrate found in a prior study that just 16 percent of Millennials have a “rainy day” fund, that could cover six months of expenses. Perhaps learning from the data gathered in the new study could help add to that fund for many.

“Money saved from packing lunch and passing on lattes would be a smart investment in building that emergency fund,” said Berger.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

It's a Date | October 2017Our beautiful Bay Area is constantly buzzing with activity. Every weekend seems to bring a new adventure. It's a Date! is our monthly calendar created to help you keep up with everything Tampa Bay has to offer!
Best Party Beaches Around Tampa BayIt's illegal to drink alcohol on most of Tampa Bay's beaches - unless you know about these next six locations.
CBS Tampa’s Social Media LinksFollow us!

Listen Live