It has become something of a norm to label those who have been born between the years 1984 and 2001 as millennials since these teenagers and twenty-somethings saw the ending of one millenium and the beginning of the other.
These millennials have a spending habit much different from the generation before them since not just did they see the evolution of the internet and shopping system but also have seen the change that the world have undergone in one millenia and have understood their places in the world around them.
In 2008, where 71% of the twenty-somethings carried a credit card, now in 2014, only a meagre 46% carry one knowing the use and abuse that a credit card can make a man go through.