Millennials Living At Home Are Buying More Luxury Goods Than Ever

By Jasmine Browley· Updated December 20, 2022

It looks like adults forced to live at home due to rising inflation are finding ways to spend their money other than on rent.

According to a new report by Morgan Stanley, record numbers of millennials living with their parents are driving a luxury goods boom in the US and UK.

“When young adults free up their budget for daily necessities (e.g. rent and

Kimberly Wilson
Author: Kimberly Wilson

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