Millennials do invest, even if they spend more money on discretionary items

This article appears in Issue 784 (June 19) of The Edge Singapore

SINGAPORE (June 21): It is tough being a millennial these days. This generation — typically defined as those born between the early 1980s and the mid-1990s — stands accused of job-hopping too often, being obsessed with selfies, and splurging on one too many Instagram-worthy brunches.

Last month, Australian millionaire and real estate mogul Tim Gurner suggested in a TV interview that young adults would be more likely to be able to buy a home if they curbed their spending on avocado toast — a popular yet easy-to-prepare dish that has since become synonymous with the perceived laziness and spendthrift nature of young adults in Australia. Last year, Australian columnist Bernard Salt had labelled avocado toast a symbol of millennial decadence.

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