What sets millennials apart from older generations, in terms of their spending habits? The age group is more interested in experiences than goods, according to Forbes. 72% of millennials would rather spend their money on an enriching class or experience than on the latest gear or gadget, a statistic that’s reflected in the generation’s embrace of the wellness industry. Millennials are also more likely to view wellness as a daily, active activity, and they’re open to spending money on fitness classes and wellness apps that improve their overall quality of life.
According to the Global Wellness Institute, wellness is a $4.2 trillion industry, and it grew by 12.8% from 2015 to 2017 alone
Millennials are in worse health than their Gen X counterparts were at the same age, according to Time
Major depression rates in millennials increased by 31% from 2014 to 2017, “rates of psychotic conditions increased by 15%, and rates of substance use disorder rose by 10%,” according to the Time magazine article
An American Medical Association (AMA) report found that millennials are the most stressed out generation in history
Because so many millennials are suffering from mental health conditions, many of the trends that appeal to this demographic emphasize emotional concerns, with techniques like mindfulness and meditation at the forefront.
https://booksy.com/blog/us/top-beauty-health-and-wellness-trends-for-millennials/
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