Generation Y is spending beyond its means, living on credit and being sucked into making impulse purchases, a national survey of shopping habits has found.
The new generation, aged 18 to 25, has a penchant for credit cards, according to the poll of 1001 young men and women.The independent survey carried out for finance company GE Capital found:
70% of Gen Y respondents preferred spending money on themselves, compared with 48 per cent of all other age groups.
71% of Gen Y said they were impulse shoppers, compared with 44 per cent of all others.
30% of Gen Y admitted they impulse shopped beyond their means, compared with 14 per cent of others.
76% of Gen Y said they waited for sales to do their shopping, compared with 61 per cent of others.
Source: news.com.au
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