Deep Dive 18 minutes PremiumMillennials and Furniture in the US and the UK – Ten Characteristics That Define the Market Coresight Research February 13, 2017 Executive Summary Since millennials range in age from 16 to 36, they constitute a consumer segment that is of growing value in most markets. These consumers are entering their peak spending years and are establishing family homes. Currently, millennials in the US and the UK spend less on furniture than older generations, largely because they have lower incomes and household formation levels, as well as a propensity to live in smaller urban dwellings. Millennials mainly prioritize furniture items that make their lives easier and more enjoyable, and only make useful purchases that represent good value. Millennials are attracted by furniture products with embedded technology as well as customized products that are unique. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: What Can Retailers Learn from Shein and Temu?: Premium Subscriber Call, February 2025CES 2025 Wrap-Up: Top 10 Takeaways—AI, Retail Tech, Sustainability, and Health and Wellness Come into FocusAnalyst Corner: Three Key Predictions for India Retail in 2025, with Sujeet NaikAnalyst Corner: What’s Happening in Beauty Retail?—Analyzing Mixed Performance and Success Strategies with Madhav Pitaliya