By  on February 9, 2018

Millennials are growing up and spending more, but those with luxury leanings still seem to prefer a dinner out than a new handbag.

That’s at least what RBC Capital Markets found in a recent survey of 500 U.S. Millennials between the ages of 18 and 35. On a whole, that cohort surpassed Baby Boomers in 2016 as the largest generation and hit an estimated $200 billion in spending power, thus officially becoming of utmost interest to consumer-driven businesses.

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