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Almost Half of Millennials Spend More Money Dining Out Than Saving for Retirement

A survey from financial online marketplace LendEDU has reported that 49 percent of millennials spend more money eating out at restaurants than they do saving for retirement. That contingent spends about $163/month dining out.

What’s more, 37 percent of millennials aren’t saving for retirement at all, but those who do say they’re putting away an average of $480 per month.

Other data on expenditures by millennials:

See Also

  • $38 per month on coffee
  • $75 per month on alcohol
  • $39 per month on marijuana
  • $281 per month on groceries
  • $7 per month on music streaming

The full study results can be found here. (h/t ABC News)

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