![]() ![]() Money-stretched consumers are seeking out more value-oriented options and factoring essentials into their budgets. With Millennials forced to tighten their belts, price-conscious habits are set to become a lasting trend. This could now lead to many adopting a more conservative mindset in their spending habits and re-evaluating their purchase priorities.įuture Market Trends in Millennial Lifestyles Having already entered into the job market at somewhat of a disadvantage, only to face the current pandemic a decade later, Millennials’ financial stability has been highly shaken, with many furloughed or out of a job. During the pandemic 32% of Young Millennials were either furloughed, or someone else in their household was.45% of Millennials say that their financial stability is one of their leading causes of anxiety.48% of Millennials currently view money as a key factor in success.While many since then have devoted a lot of time and energy into recovering from the experience and building their financial confidence, the scars of this have continued to haunt Millennials. The 2008-09 Great Recession was a defining experience for Millennials, who came of age in a deeply troubled financial climate. The Millennial Lifestyles market research report covers the market size, market forecast, market segmentation, attitudes, behaviours and industry trends for the Millennial Lifestyles Market in the UK. ![]() The UK Millennial Lifestyles report identifies consumer attitudes towards health, financial stability, spending habits, inclusivity and Millennial Lifestyle trends in the UK. ![]()
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