Millennials are spending more on fashion. Are things looking up financially?

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Millennials have been painted as the “experience-driven” generation, but a new study suggests that millennials still like to shop.

In a survey of 2,500 U.S. consumers, Pymnts.com found that older millennials are becoming a key market for the fashion industry, making an average of over 18 apparel and accessory purchases per year.

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