Millennials twice as likely to spend more this holiday season - KWWL - Eastern Iowa Breaking News, Weather, Closings

Millennials twice as likely to spend more this holiday season

Posted: Updated:
Millennials are twice as likely as their older counterparts to spend more this holiday season than they did last year, according to a new Bankrate.com report released today. 

-- A whopping 82% of Americans say they will spend the same or less than last year, despite lower gas prices.

--Only 16% of Americans plan to spend more this year on the holidays, with 5% spending more specifically because of lower gas prices.

--Overall, Americans are feeling more financially secure. The Financial Security Index came in at 102.0, the highest level since March and the third highest reading of 2014.

--Men continue to feel better about their finances than women. Men's feelings of financial security indicate improvement over one year ago while women's feelings of financial security indicate deterioration.

Powered by Frankly