A new set of studies have shown that the Millennials spend more money on coffee than what they save for their retirement. The Millennials (aged between 18 and 35 years old) are drinking dry the offer supply and surprisingly, it’s the women that drink more.
“A staggering 44 percent of female Millennials aged 18-35 spent more on their morning fix than they did putting money aside this year. What’s more is that this number is almost 10 percent higher than the number of Millennial males with the same habit in the same time frame. This evens out to about 41 percent of all users surveyed.” The studies said.
It also said that these Millennails won’t be financially secure to retire until they are 65 years old.