Recent data released by the
Department of Agriculture shows that millennials are spending less per-person
at the grocery store. A recent analysis by USDA's Economic Research Service of
2014 grocery store data found that compared to older generations, millennial-headed
households spent the least per person on food at home. However, like the other
generations analyzed, millennial households with higher incomes tend to spend
more on grocery store foods than millennial households with lower incomes. The
data shows that millennials spend between roughly between $75 and $150 per
month, per-person, on groceries. Meanwhile, the data shows that baby boomers
spend between roughly $125 and $200 per month, per-person, on groceries.
However, USDA notes that differences in food-at-home spending between the
generations may reflect the younger generations' stronger preference for eating
out, which may change as they age.
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