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Gen Z vs. Millennial Spending Habits: Does Parenting Affect Who’s Splurging More?

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Millennials and Gen Z share a love for splurging, yet their spending habits reveal generational differences. Gen Z, influenced by Gen X parents and social media, splurges more across income levels, with a focus on dining, fashion, and personal care. Meanwhile, millennials, raised by baby boomers, prioritize travel among similar spending categories. Parenting styles and life experiences shape these patterns, showing how financial habits evolve over time. Learn how to balance splurging responsibly by creating a “fun fund” for guilt-free treats. For deeper look Read the full article on GoBankingRates.