One-Quarter of All Millennials Struggle to Pay for Groceries

Compared to 20 percent for the entire population, millennials are still having a hard time buying groceries.
One-Quarter of All Millennials Struggle to Pay for Groceries
SAN FRANCISCO, CA - OCTOBER 15: A customer shops for produce at a Whole Foods market on October 15, 2014 in San Francisco, California. Upscale grocery chain Whole Foods Market launched a ratings program for fruits, vegetables and flowers that is intended to inform consumers about how the produce was grown, the environmental imapct and treatment of the workers wh produced it. The program is called "Responsibly Grown" and will label fruits and vegetables as good, better, or best, depending on growing conditions. Photo by Justin Sullivan/Getty Images
Annie Wu
Updated:

Millennials are having a tough time paying for groceries, despite their financial security and optimism being at an all-time high, according to a new marketing survey from IRI, a market research firm.

IRI’s Shopper Sentiment Index is based on its quarterly MarketPulse survey. The index analyzes consumers’ shopping habits based on how much consumers look at prices when making purchases, their brand loyalty, and any changes in spending to maintain their desired lifestyle.

The higher the index number, the more optimistic the outlook: consumers are less price-driven, more loyal to their favorite brands, and not making changes to keep up their lifestyle.

Since the firm started compiling the index in 2011, the first quarter of 2015 was the best for millennials. They scored their highest, suggesting that the generation born after 1980 and before the 2000s is finally beginning to recover from the 2008 economic recession.

But when it comes to buying groceries, millennials are still struggling more than other age groups to afford them—25 percent are struggling, compared to 20 percent for the general population.

Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
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