Not only do millennials — that is, people born between 1980 and 2000 — eat out more than non-millennials, but they also spend more money eating out: Millennials spend about $174 per month dining out in restaurants, on average, according to a new infographic from the marketing agency Restaurant Marketing Labs, whereas ...
Millennials' preference for eating out reflects a second point of departure from their parents: They're less willing to cook. Bernstein found that even though millennials work fewer hours than older generations -- including those who have retired -- they spend the least amount of time on meal prep.
The average Millennial eats out five times a week, and between Starbucks runs and bar tabs, it's making it harder for them to develop a savings habit, a new study says. While Millennials may be known for their tech-savviness, their financial reputation isn't quite as gleaming so far.
Generation Y is a lucrative and growing customer group for the US foodservice industry. They dine out more frequently than the rest of the population and their dining out preferences are different from other cohorts.
The survey found that three times a week, 54 percent of younger millennials (ages 18 to 26) eat out and 30 percent buy coffee. 51 percent go to a bar once per week and the average millennial eats out five times a week. That seems pretty accurate.
We've all heard of the mining boom, but there's a new exploding industry in Australia, and this time what's pulled from the ground ends up on our dinner plates. We're experiencing a 'dining boom': as a nation, we now spend $45 billion each year on eating out and the average Aussie does so two to three times a week.
In adults, eating meals out once per week or more was most common in the youngest age groups (19–29 years), with significantly more participants in this group (41.0%) eating meals out once per week or more than in other groups (20.1%-27.6%) in unadjusted and mutually adjusted analyses.
The 2021 Census revealed that Millennials were about to overtake Baby Boomers as the largest generational group in Australia. In 2021, Millennials were aged 25-39 years.
Baby boomers have the highest net worth, averaging $1.6 million per household. Baby boomers have the highest household net worth of any US generation.
According to a recent survey of 1,300 managers, three out of four agree that Gen Z is harder to work with than other generations — so much so that 65% of employers said they have to fire them more often.
We were inspired by a study published this month in the Archives of Sexual Behavior, which found that millennials (or snake people, if you prefer) are on pace to sleep with an average of eight partners during their lifetimes, fewer than Generation X (10 partners) and the baby boomers (11 partners).
For definition's sake, the “millennials” we'll be talking about today are those born between 1981 and 1996—which would put them around the ages of 27 and 42 in 2023.
The main reasons Gen Zers and millennials are considering switching jobs haven't changed, with higher compensation, improved work-life balance, opportunities for career growth and flexible work arrangements all ranking as top priorities, per LinkedIn's research.
More importantly, these worries indicate just how concerned they are about what's coming next—about making the right choices today in order to ensure a stable future. In truth, decision-making itself may be the number-one reason why millennials are so depressed and anxious, and why they feel the need for psychotherapy.
A groundbreaking 20-year study conducted by wealth consultancy, The Williams Group, involved over 3,200 families and found that seven in 10 families tend to lose their fortune by the second generation, while nine in 10 lose it by the third generation. However, there are ways to be at the odds.
Generation X
Ma Huateng, founder of social media conglomerate Tencent Holdings, created instant messaging platform QQ in his early 20s. Colin Huang built one of China's largest e-commerce platforms, Pinduoduo, in 2015. Gen X billionaires also include Elon Musk and Google co-founder Larry Page.
For example, Magnify Money research shows that millennials owned just 6.6% of the nation's wealth last year, compared to Baby Boomers (50.4%), Generation X (29.9%), and consumers ages 77-plus (13.1%).
Wage and mortgage growth
Wages have increased markedly- most Australians earnt less than $10,000 in the first year of the Millennials' births, while today the average annual earnings exceed $90,000.
Baby Boomers own half of Australia's wealth, despite being just one-fifth of the population.
Millennials have become the dominant generation in Sydney, particularly the inner west, the Hills District and the outer west, but Baby Boomers are still entrenched in many of the city's affluent harbourside locales.
Millennials are now the largest healthy eating consumer group in Australia (32%), showing that this age group is breaking with previous generations to embrace more fresh, healthy food choices.
Young Australians aged between 18 and 30 years have experienced the largest increase in the body mass index and spend the largest proportion of their food budget on fast food and eating out.
Quick Fast Food Industry Statistics
People ages 20-39 years old eat the most fast food on any given day. Men consume more fast food than women. 83% of American families eat at fast food restaurants at least once a week. The average American household spends 10% of their annual income on fast food.