Millennials' Spending Weighed Down by Student Debt, Expert Warns
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Millennials’ spending habits have been driving business leaders crazy -- but not because the youngest generation in the workforce is irresponsible with their cash.
On the contrary, millennials are turning out to be the most frugal demographic since the so-called Greatest Generation that came of age during the depression. That’s largely because of the huge student-debt cloud that hangs over them, said Neely Tamminga, CEO of consumer-advisory firm Distill. Tamminga spoke this week at the Turnaround Management Association’s Las Vegas conference for investors in distressed assets.