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What are Millennials spending their money on?

Sep 28 2016

What are Millennials spending their money on? Coffee, kale, fantasy football, and strippers. An analysis of mobile payments made on Venmo found the top spending categories among users—many 18-34-years-old—are food, rent, alcohol, “fun,” and coffee. Pizza was the most-used emoji and food was the most-used term, followed by Uber, rent, “fantasy” and bills. Kale ranked at 21 on the top 100 list, and strippers were number 91. Venmo processed around $4 billion in peer-to-peer payments in the second quarter of this year, up 141% from 2015. (CNBC