Core Insights - Millennials are facing financial challenges during the holiday season due to rising costs, caregiving responsibilities, and delayed wealth milestones, despite earning more than a decade ago [1] Group 1: Holiday Budgeting - Many millennials are projected to keep their holiday spending flat this year, making early budgeting crucial to avoid impulsive spending and unexpected debt [3] - Financial analysts recommend starting the holiday shopping season with a clear budget based on what can be paid off by the end of March next year [4][6] Group 2: Buy Now, Pay Later (BNPL) Usage - A significant portion of millennials (54%) considered applying for a BNPL loan in September 2025, making them the most likely generation to use this payment method [5] - Overreliance on BNPL can lead to expensive debt, with 57% of millennials regretting a BNPL purchase [5] Group 3: Credit Card Rewards - Many millennials are missing out on valuable credit card rewards by not planning their holiday spending strategically [7]
3 Money Mistakes Millennials May Be Making Before the Holidays
Yahoo Financeยท2025-10-16 16:43