Some 22 percent of baby boomers report spending too much money at the grocery store, a number that was lower than that of both Generation X and Millennials. Nearly 18 percent of baby boomers say they waste money on their cell phone, which was somewhat consistent with younger generations.

What products do baby boomers like to buy?

49 percent of baby boomers are interested in functional foods like probiotics and vitamins. [ Source: FONA]72 percent of baby boomers read food and beverage labels to know if the product is healthy. [ Source: FONA]20 percent of baby boomers eat ready-to-eat snack food like fruit, candy bars and nuts. [ Source: FONA]8 Feb 2021

What does the average baby boomer have in savings?

Baby Boomers As of the fourth quarter of 2020, Fidelity found that people between ages 20 and 29 had an average of $15,000 saved in their 401(k)s. Adults ages 30 to 39 had about $50,800, those from age 40 to 49 had $120,800, and 50- to 59-year-olds had $203,600.

What Gen Z spends money on?

Generation Z spends an outsized portion of their income on eating out, mobile devices, transportation and housing.

What are the top 3 categories that Gen Z spends its money on?

According to our survey, 75 percent of Gen Zers spend more than half of their monthly income. Clothes, apps, and entertainment top their shopping lists. In the U.S. alone, consumer spending on Gen Zers totaled a whopping USD 829.5 billion in 2015.

How can I retire with no money?

3 Ways to Retire Without Any SavingsBoost your Social Security benefits. The great thing about Social Security is that its designed to pay you for life, and a higher monthly benefit could compensate for a lack of retirement savings. Get a part-time job. Rent out part of your home.16 Feb 2021