DENVER — It’s not all kale and Pilates. American Millennials are spending big money on guilty pleasures they are probably not telling their personal trainers about, according to new data from budgeting app Level Money.
Millennials are roughly defined as people born between 1980 and 1994. The cohort tends to have more discretionary income than most others.
First up: alcohol. Average annual spending by Millennials varies by state — and some residents are a whole lot boozier than others. Level Money found that Millennials in Colorado spent more on alcohol than those in any other state except for Massachusetts.
Blame all that alcohol, but many Millennials are breaking their healthy habits and binging on Whoppers and french fries. And McDonald’s is their restaurant chain of choice. Thankfully, Coloradans seem to be sticking to their diets — they don’t show up on this list.
Millennials also like to splurge on lattes and Red Bulls.
The most popular place to fuel up on caffeine? Starbucks. Spending averages are also high at the chain because its gift cards are such popular purchases. Again, Colorado isn’t in the top 5.
CNN contributed to this report.AlertMe