On home improvement projects, millennials spent $10,164 this yr, which is 2% greater than final yr. Last 12 months, millennials have been also the top spending age cohort for home improvement, spending $9,958. Millennials are nonetheless in prime home-buying and family-formation years and should have benefited from a post-pandemic rebound in salaries and earnings, probably driving them to be the top spenders on their properties. Similar to final year, many of the top tasks in 2023 are non-discretionary duties, specifically upkeep, changing windows, and repairing a roof. With extra budgetary calls for and the impression of inflation, it’s not a…
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