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This article is the second in a two-part series on the millennial generation's spending habits.

The millennial generation's relationship with spending and saving? It's complicated.

Americans use a variety of methods to handle saving or spending money. With a few exceptions, that across six different polling periods, millennials were more likely to have engaged in most of the spending and saving behaviors asked about than were members of the other generations. These findings present something of a paradox, however, because some of the behaviors are less thrifty than others. On the thrifty side of the ledger, around seven in 10 millennials have gone online to compare prices (71%), while this is true of more than half of other generations (55%).

Over the past year, the percentage of millennials comparing prices and deals online has increased considerably, while the percentage of older generations doing so has remained largely unchanged. This is not particularly surprising, given millennials' familiarity with and use of technology. Millennials are also much more likely to have purchased used goods than are members of the other generations.

Millennials and older generations are equally likely (84%) to have purchased generic or store-brand goods. But while the percentage of millennials purchasing generic or store-brand goods increased over the past year, it declined by three percentage points among the older generations. Finally, older generations used coupons while shopping more often than millennials (60% vs. 55%) -- the only cost-saving method to show that pattern. Coupon use declined among all generations over the past year.

On the spending side of the ledger, millennials are more likely to engage in a number of less thrifty behaviors, suggesting they might be a little more freewheeling with their spending than are members of other generations. They are much more apt to have gone shopping for fun, to have made an impulse purchase and to have made a major purchase that cost at least one week's pay than are members of the other generations.

Impulse purchases and big-ticket purchases have notably increased among millennials -- but not among the other generations -- over the past year.

	Total across six polling periods	Change from one year ago
	%	(pct. pts.)
GONE ONLINE TO COMPARE PRICES AND FIND THE BEST DEAL
Millennials	71	+9
Everyone else	55	+2
Generation gap (pct. pts.)	+16	+7
PURCHASED USED GOODS
Millennials	48	-11
Everyone else	34	--
Generation gap (pct. pts.)	+14	-11
MADE AN IMPULSE PURCHASE
Millennials	47	+18
Everyone else	34	+2
Generation gap (pct. pts.)	+13	+16
GONE SHOPPING FOR FUN
Millennials	39	-1
Everyone else	26	+5
Generation gap (pct. pts.)	+13	-6
MADE A MAJOR PURCHASE THAT COST AT LEAST ONE WEEK'S PAY
Millennials	28	+14
Everyone else	21	+3
Generation gap (pct. pts.)	+7	+11
PURCHASED GENERIC OR STORE-BRAND GOODS
Millennials	84	+5
Everyone else	84	-3
Generation gap (pct. pts.)	--	+8
USED COUPONS WHEN SHOPPING
Millennials	55	-8
Everyone else	60	-9
Generation gap (pct. pts.)	-5	+1
Gallup

Less Disciplined With Their Finances

These results, combined with the fact that , suggest that some -- and in certain cases, most -- Americans are still actively finding ways to save money and reduce discretionary spending. However, millennials appear to go about the task differently than the older generations. They prioritize their spending differently and are less disciplined with their finances.

Download Gallup's latest report, , to get further insight into Gallup's most important findings about millennials, including their demographic makeup, spending habits and desires for the workplace.