Millennials outspending other generations in remodeling, new study finds

Millennials outspend other age groups when remodeling their kitchens and bathrooms, according to new research from the National Kitchen & Bath Association (NKBA). The research found that millennials spend an average of 17.7 percent more than the $19,155 typically invested in a kitchen remodel, and 42.3 percent more than the $11,364 normally allocated to remodel a bathroom. The study “Understanding Millennial Kitchen & Bath Consumers” analyzed and compared the behavior and attitudes of millennials – peopled aged roughly 18-37 – to other generations in regards to planning kitchen and bath remodeling projects. In addition to finding a higher spending, the study found that more than half of all millennials have purchased a home in the last five years.


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