Why Millenials and Gen Z are Changing their Spending Habits

Have any questions or just wanna have a chat? Send us a text ;)The episode explains why Millennials and Gen Z are shifting spending away from luxury brands and big-ticket debt like houses and cars, and toward security, savings, and experiences. It cites major shocks shaping their mindset— the 2008 financial crisis, COVID in 2021, and global conflict in 2026—making the future feel unpredictable and pushing them to view money as safety rather than status. Rising costs of living and essentials like housing, education, and healthcare further drive prioritization of financial stability. The script also highlights skepticism toward advertising, with young consumers relying on reviews, ratings, and online analysis, demanding authenticity and transparency. Overall, they are becoming strategic spenders, focusing on investments such as stocks, mutual funds, and index funds, plus technology and education, redefining success as freedom and flexibility.Subscribe for practical insights on growth, work, and the future of careers.Products I use #affiliate :Logitech Brio 4k web cam: https://amzn.to/4672AweBOYA by-PM Series mic: https://amzn.to/4tFzSwgDIGITEK® (DTR 260 GT) Gorilla Tripod/Mini: https://amzn.to/4kENML1Microphone Windscreen Sponge: https://amzn.to/4rZ5Ou9DIGITEK® LED Battery: https://amzn.to/4aTqMViDIGITEK® (DLS-006FT) Light Stand: https://amzn.to/4am5e3HPlease note: I may receive a small commission if you buy the product through this link. Any purchase is appreciated :)Support our podcast :) :https://www.buzzsprout.com/2538925/supportPodcast: Better Than yesterday by Sunil GeraAvailable on Spotify, Apple podcasts, Amazon Music, Podcast Index, Buzzsprout and more...Socials:Instagram: @betterthanyesterday.podcastFacebook: Better Than YesterdayHi, I’m Sunil Mohan Gera.I’m passionate about exploring ideas that help people live better — whether it’s through financial freedom, personal growth, health, or lifestyle choices. On Better Than Yesterday, I share insights, stories, and practical tips to inspire you to grow every day and create the life you want. Support the show