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Millennials Are Bad With Money — But It's Not Their Fault

Business Insider spoke to Dan Ariely, James B. Duke professor of behavioural economics at Duke university, and author of “Small Change”.

Ariely said millennials’ spending habits aren’t necessarily down to their personalities and have more to do with the environments they are in.

He added that our environment determines our actions, and we’re often put in environments where we are encouraged to spend.

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