According to Business Insider, millennials are changing their spending habits more than any other generation amid the COVID-19 pandemic.
Here are a few ways they are doing it:
1. Many millennials are using their stimulus checks on housing, investments, and student-loan debt.
2. They are taking advantage of lower stock prices. They are more likely than boomers to contribute more money to stock investments.
3. 30% said they are grocery shopping more online, compared to 21% of people across all age ranges.
4. They are preparing more meals at home, and are consuming more fresh and organic food.