February 22, 2019

Why Millennials Waste So Much Money on Food

“When Leslie Hacker began taking a closer look at her finances recently, she noticed she was spending about $1,000 on food each month.

“It seems like a lot, but when I did the math, that’s about 35 dollars a day, which doesn’t seem that crazy anymore to be honest,” she says.

Eating out, ordering in. Throw in a bagel here, a coffee there, and it all adds up.

“It’s definitely a challenge for people my age to save on food.”

At 28, Hacker is a millennial, defined as anyone born between 1980 and 2000. Saving money is a problem for her generation and experts say a big reason is how much millennials spend on eating out and ordering in.

Hacker works in social media marketing, which makes it even harder, she says, to save on food.

“All day I’m seeing these food pictures online and I’m like, ‘I want to try this and I want to try that!'” she tells CBC Toronto.”

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