Millennials and Gen Z prioritize groceries over other luxuries, as typical households need $445 more monthly.
Splurging once meant spending money on buzzy restaurants, expensive vacations, and designer clothing. These days, what’s considered splurge-worthy falls into a more humble category. Groceries are shaping up to be a top spending priority for younger generations, a February report from McKinsey & Company found. The firm asked over 4,000 people, from baby boomers to …