According to a 2019 survey by Bank of America, Millennials spend an average of $233 per month on dining out. This is higher than any other age group surveyed, including Gen Xers, Baby Boomers, and seniors. The survey also found that 60% of Millennials said they eat out at least three times per week, and 47% said they use food delivery services like Uber Eats or GrubHub at least once a week.
Here are some of the other drains on millennial finances, according to the Bank of America survey:
- subscription services: $91/month
- entertainment (concerts, etc) $95/month
- technology-related expenses (Internet, smart phones, devices). $139/month
- clothing and accessories $161/month
- alcohol $262/month
- travel $124/month
