Have Millennials Officially Given Up? These Spending Stats Are Wild!
The Rachel Cruze Show
Ramsey Network
4.8 • 3.6K Ratings
🗓️ 13 February 2026
⏱️ 6 minutes
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| 0:00.0 | I recently saw an article titled, I can't afford a house, so why don't I just be gorgeous? |
| 0:12.0 | Great title. |
| 0:12.7 | And these are the hard-hitting questions millennials are asking, so let's talk about it. |
| 0:17.9 | Be sure to like, subscribe, and share this episode with a friend. |
| 0:21.1 | So according to this article, 52% of millennials are now homeowners, but 24% believe they'll |
| 0:27.6 | never be able to save enough for a down payment. |
| 0:30.7 | And in 2023, the average millennial spent $2,670 on cosmetics and aesthetic procedures, which is more than both Gen Z and Gen X. |
| 0:43.7 | Now, I don't know how accurate all these numbers are, right? But I think it speaks to this |
| 0:48.1 | larger trend that we are seeing. So apparently millennials are doing the classic fake rich kind of thing where they will spend $3,000 |
| 0:56.6 | on fancy skin care or designer bag, but they claim to not have enough to save for big financial |
| 1:02.3 | purchases like a house. |
| 1:04.2 | So first off, I get it, right? |
| 1:06.9 | We are all human and we love a quick fix. |
| 1:09.7 | And there's something about like knowing you can spend an |
| 1:12.2 | amount of money on something and in the moment it just makes you feel great right i get it but listen |
| 1:18.1 | having that mindset of living so just in the moment and what feels good in the moment it is costing you |
| 1:23.7 | because there is something about a level of maturity with your money to say, hey, I have to |
| 1:29.5 | delay pleasure. Everything that I want in the moment, I can't have. And just because I feel like |
| 1:34.6 | I can get something that's like a little bit luxurious over here, that may not be the smart |
| 1:38.3 | decision in the long run. So instead, I would say, have hope that you can hit big goals. |
| 1:44.5 | Okay, it may take longer. |
| 1:46.2 | It may look differently than how you pictured it, but consistency is so, so key. |
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