1851

As millennials get older and start families, their spending habits are changing and alerting business in the retail, automotive, restaurant, and home-buying industries. According to a <a href="http://www.businessinsider.com/more-millennials-are-becoming-parents-2016-9?utm_source=1851franchise.com&utm_medium=article&utm_campaign=business-insider-everything-you-know-about-millennial-spending-is-about-to-change-6209" target="_blank" rel="nofollow" target="_blank">recent Business Insider article</a>, about 80 percent of the 18- to 35-year old generation will become parents in the next decade.

This younger generation has been notorious for spending their money on experiences over apparel, renting homes instead of buying, and dining out more often than eating at home. From looking at past generations, we know that&nbsp;once people have kids&nbsp;their spending habits tend to shift. While millennials are becoming parents, they are doing it much later in life according to data from Wells Fargo.

Millennials are projected to spend $200 billion annually starting in 2017&nbsp;and $10 trillion during their lifetimes.

Their spending habits will affect many industries including restaurants and fast food chains as new parents will be searching for healthier options to feed their children. Companies including Wendy&rsquo;s, McDonald&rsquo;s, and Chick-fil-A are trying to keep up by eliminate preservatives from their food.

Check out the <a href="http://www.businessinsider.com/more-millennials-are-becoming-parents-2016-9?utm_source=1851franchise.com&utm_medium=article&utm_campaign=business-insider-everything-you-know-about-millennial-spending-is-about-to-change-6209" target="_blank" rel="nofollow" target="_blank">full story here</a>.&nbsp;

Business Insider: Everything You Know About Millennial Spending is About to Change

1851 Franchise

As millennials start to become parents, businesses are taking notice of the shift in their spending habits.

business-insider-everything-you-know-about-millennial-spending-is-about-to-change

Children's Lighthouse

How Children’s Lighthouse Stands Out Among Other Children’s Education, Childcare, and Daycare Franchises

how-childrens-lighthouse-stands-out-among-other-childrens-education-childcare-and-daycare-franchises

The Growth Coach

The Growth Coach Franchise Costs, Fees, Profit and Data for 2025

the-growth-coach-franchise-costs-fees-profit-and-data-for-2025

One Hour Heating and Air Conditioning

Why One Hour Heating & Air Conditioning Sees People as the Power Behind Franchise Growth

one-hour-heating-air-conditioning-franchise-growth

Lawn Doctor

Design with photo of John Perry and Lawn Doctor logo

How a 20-Year Industry Veteran Tripled His Sales With a Lawn Doctor Franchise

lawn-doctor-franchise-success-story-john-perry

Fitness Premier

The Secret to Fitness Franchise Success? It's Not Just the Workouts

fitness-premier-franchise-marketing-support

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

Business Insider: Everything You Know About Millennial Spending is About to Change

MORE STORIES LIKE THIS