How to get the most out of your millennial savings

Young Americans are spending more money on their consumer purchases than ever before.

But as millennials get older, they’re spending less, and a lot less.

Read moreWhat millennials need to know about millennials’ spending habitsThe report, titled “Young Consumers: What They Want and How They Spend,” looks at consumer spending habits from age 25 to 55, and the effects of those changes on how much they save over time.

It finds that millennials are spending twice as much on consumer goods as the median household.

“Millennials spend an average of $1,200 a year on their personal necessities,” the report states.

“The average for this age group is $2,500 a year.”

In fact, the average millennial spends $5,400 a year.

That’s nearly $100,000 more per year than the median millennial household spent on their necessities.

The report also finds that, on average, millennials are saving more than $5 million per year on purchases from retailers like Target and Walmart, and $6,000 a year more than the typical household.

That means millennials are getting the best of both worlds: savings and spending on consumer staples.

“Millennial spending is the most common spending category among millennials, yet it is still significantly lower than that of their older peers,” the authors write.

“Despite being the youngest generation, millennials have a relatively large amount of spending to begin with, and as they age they may have to make adjustments in how they spend to ensure their finances are well-suited for retirement.”

The report also found that millennials spend an increasing percentage of their disposable income on discretionary items.

For instance, millennials spend 23% of their income on food, compared to 20% for their peers over age 25.

The average millennial is also spending nearly $4,000 on clothes a year, which is $10,000 above the median.

The report recommends that millennials try to cut down on spending on discretionary categories, especially food and clothing, as well as other goods like cars, toys, jewelry, and electronics.

But it also cautions against spending on a “cognitive budget” — a budget that looks at expenses in the context of your overall budget, rather than how you spend them.

The researchers found that for the average household, discretionary spending on food alone is down about 10%, but discretionary spending for clothes and clothing alone is up nearly 10%.

That means the typical millennial is spending more on discretionary food purchases than the average person over age 35, but less than the person under age 35.

And the typical family spends $3,400 on discretionary clothing, compared with the median family spending $1.5 million.

The authors also found, however, that discretionary spending can vary widely depending on household size.

For example, for a family of four, the typical cost of discretionary food is about $6 a month, while for a household of four with a two-person household, the median cost is $1 per month.

This suggests that for larger families, it may be more important to prioritize discretionary food than clothing.

While it’s too early to know whether this will be a trend for the foreseeable future, the authors say they expect spending to increase, with a small bump in spending at the end of the report.

For now, though, it’s hard to see how consumers can afford to cut spending on the essentials.