Millennials (commonly referred to as Gen Y) have grown up in a time of rapid change, giving them a set of priorities sharply different from other generations.

Born between 1980 and 2000, this generation is the biggest in the history of the world. They have the benefit of witnessing the massive disruptions of technology, the defining of the new economy and the new jobs that are available to them.

However, lower employment levels and smaller incomes have left younger millennials with less money to spend than previous generations. This is made worse as loan repayments start taking a large chunk out of their paychecks.

With less money to spend, they are putting off commi