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Bit of a summary, from the article: "So what’s the real story here? Yes, Millennials are shifting their spending toward restaurants and bars and away from groc
by personlurking 10y ago
Bit of a summary, from the article:
"So what’s the real story here? Yes, Millennials are shifting their spending toward restaurants and bars and away from grocers. But it’s not an unprecedented shift. They’re simply returning to their mid-aughts levels of restaurant spending."
- mordocai 10y agoThis was in the comment for a bit but is gone again, but the rest of the summary would be that this isn't just Millennials. Gen Xers and their parents are also spending more at restaurants/bars
- personlurking 10y agoSorry, I put it in for a second but some of it was repetitive (minus the part you mention, of course). Here's what was also in my comment: "The big story here is not that young people are uniquely turning away from groceries. Rather, the story is a structural shift toward eating out at restaurants, among Millennials and their parents (and perhaps even their grandparents)."