The generation has a cautious approach to managing money, but they do still want to spend.

The generation has a cautious approach to managing money, but they do still want to spend. According to a recent study, if they received a $1000 tax refund, 27% of Millennial men would spend it on electronics, and 18% of Millennial women would buy clothing—only 5% of males said they would put it towards paying of their student debt. (Forbes)