Millennials: financial concerns and changes in consumer spending worldwide 2023

Published by Statista Research Department, Apr 23, 2024

Nearly half (43 percent) of millennials worldwide were worried about their personal financial situations in 2023 and changed their spending habits as a result. The vast majority of Generation Y members were at least somewhat concerned about their finances, but not all respondents changed their spending behavior.

Share of millennial consumers who were concerned about finances and changed their spending habits globally in 2023

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Source

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Release date

March 2023

Region

Worldwide

Survey time period

February 2023

Number of respondents

9,180*

Age group

18 years and older

Special properties

Consumers who shopped online at least once in the previous year across 25 territories

Method of interview

Questionnaire

Supplementary notes

*Total number of respondents. Source did not specify the exact number of millennial consumers. 

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