In fact, millennials are in the midst of disrupting the diamond industry by opting for unique gemstones or hand-crafted options when it comes to buying jewelry.
Diamondsĭiamonds are not a millennial’s best friend. Sorry to the die-hard dairy drinkers, it seems like oat milk is here to stay. Cost effectiveness also plays a factor, considering these alternatives have a longer shelf life than dairy milk. According to a 2020 study by YouGov, one in five millennials have changed their diet to reduce their impact on the planet. Lots of millennials choose non-dairy milk for environmental reasons. When your barista asks if you want milk in your coffee, what do you ask for?įrom oat to almond to soy, there are so many non-dairy milk alternatives on the market right now - and millennials are partly to thank for that.ĭue to the rising popularity of vegan or plant-based lifestyles - and, let’s face it, an awareness that you’ve got lactose intolerance - dairy milk is becoming less likely to make it onto grocery lists. Despite this drastic decrease, likely due to health and capacity restrictions, millennials are still opting for a no-frills-attached wedding style. Research by The Knot shows that the average wedding in 2020 cost $19,000, compared to an average of $28,000 pre-pandemic. If you don’t make the cut when your friends are sending out invitations, consider blaming inflation. At a millennial wedding, you’re likely to see a food truck rather than catering, a ceremony in a backyard instead of a pricey venue and a considerably smaller guest list. This means cutting costs on traditional wedding elements like centerpieces, extravagant decor and open bars. But they are taking a much different (read: cheaper) approach to their big day. Millennials haven’t totally abandoned the institution of marriage. Too many Americans are still missing out on cheaper car insuranceĪ TikToker paid off $17,000 in credit card debt by 'cash stuffing' - can it work for you? High prices, rising interest rates and a volatile stock market - here’s why you need a financial advisor as a recession looms It’s not that millennials aren’t buying anything - they just can’t afford to waste their hard-earned money.įrom sparkling diamonds to single-use plastic, here are 14 things that millennials are happy to slice out of their budgets.
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