groceries
Younger generations are spending more on groceries than before.
  • Groceries are the hottest new splurge category for Gen Z and millennials.
  • Younger generations spend more on groceries than other categories, according to McKinsey.
  • Inflation is impacting all generations, meanwhile, leading to higher grocery expenses.

Splurging once meant spending money on buzzy restaurants, expensive vacations, and designer clothing. These days, it has succumbed to a more humble category.