Millennials have less to spend on non-essentials than older generations

Millennials have less to spend on non-essentials than older generations had at the same age, study shows A study published by the Resolution Foundation found millenials have less cash Money spent by 18 to 29-year-olds on non-housing items lower in current times The study suggested there was a 'long road' to recovery on home ownership 

By George Martin For Mailonline

Published: 01:51 BST, 20 June 2019 | Updated: 01:55 BST, 20 June 2019

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Young people are spending 7% less on non-housing items than they were in 2001, a new study suggests.

An 'intergenerational audit' published by the Resolution Foundation assesses whether the 20th century norm of each generation enjoying higher living standards than their predecessors still holds true.

The report identified a number of intergenerational living standards challenges facing Britain, including the fall in money spent by 18 to 29-year-olds on non-housing items, including recreation and eating out, returning their pay to

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