Is this what my grandfather fought for --spoiled rotten
Millennials often report a struggle to save a deposit to get on the property ladder, but now research has revealed just how much they could save with smarter budgeting for their social lives.
A survey by sellmymobile.com has found that on average the nation's 18 to 35-year-olds go out twice a week with friends, spending £6,589 a year.
Most set a budget of £100 a week for socialising - amounting to £5,200 a year - but go well over this by £1,389 thanks to impulse purchases.
These include impromptu spending on takeaways, lending money to friends without getting it back, rounds of shots and choosing taxis over public transport.
Almost 80 per cent revealed they often wake up with regrets over how much money they've spent, while 85 per cent agreed they could put their money to better use.
And a massive 90 per cent admitted they were in debt because of their party lifestyle.