• EldritchFeminity@lemmy.blahaj.zone
    link
    fedilink
    arrow-up
    0
    ·
    7 months ago

    Everything I’ve seen has said that Millenials and younger are spending more on experiences and less on things, but also that their purchasing power is much weaker than their parents’ was at the same age. Millenials, I think, have about half the purchasing power as the Baby Boomers did in their 30s and 40s.

    Also of note that I just saw the other day is that the price of cars has jumped up about 30% since 2021.

    So, not exactly what you’re looking for, but some of the stuff I’ve seen/heard that probably plays contributing factors to this.

    • Grimy@lemmy.world
      link
      fedilink
      arrow-up
      0
      ·
      7 months ago

      I think being priced out of the housing market influences a lot how likely you are to spend your money on experiences. It seems like that’s all young people can afford, the mortgages these days are daunting even for people much older in good positions.