The Top 10 Things Millennials Are Willing to Go Into Debt For
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The Top 10 Things Millennials Are Willing to Go Into Debt For

The question of what we consider worth going into debt has long been a subject of societal interest and debate. While older generations have their own sets of priorities and financial philosophies, millennials have a unique set of circumstances and values that shape their financial choices. 

Millennials are taking a unique approach to financial risk, consciously choosing certain life investments worth going into debt for. Many people see debt as a burden to be avoided, Instead, for many millennials, debt is a calculated gamble on the future, a tool for enabling life experiences, self-improvement, or even societal impact. Let’s take a look at some things millennials would not mind going into debt for.

Desire to own homes

Many millennials see owning property as a key milestone. They view it not just as a place to live but also as an investment for the future. Even with high housing prices and stringent mortgage requirements, the dream of a home often takes precedence over fears of long-term debt. Millennials are willing to take on significant mortgages, sometimes aided by family help or government programs, to secure a piece of property. For them, the risk is worth the reward of having a space to call their own.

Urge to travel for vacation

Embracing the philosophy of valuing experiences over material possessions, millennials often prioritize travel as an essential part of life. This generation sees travel not just as leisure but also as a form of personal growth, networking, and even career development. Consequently, many are willing to go into debt to fund their wanderlust, sometimes tapping into credit cards, personal loans, or even installment schemes. 

They believe that the memories and skills gained from traversing different cultures are invaluable, outweighing the burden of financial obligations. For millennials, the enriching experience of travel justifies the cost, even if it means incurring debt.

Strong spirit for entrepreneurship

Millennials are often fueled by entrepreneurial dreams, seeing business ownership as a path to financial freedom and personal fulfillment. To actualize these aspirations, many are willing to assume calculated risks, including taking on business loans or using credit cards to finance startup costs. The potential for success and autonomy outweighs the fear of debt for these young innovators.

Need for automobiles

While it is less likely for previous generations to view car ownership as a status symbol, millennials often go into debt for more pragmatic reasons. For many, having a car is a necessity for commuting to work, especially in areas where public transportation is limited or unreliable. Additionally, a vehicle can offer the flexibility and freedom that aligns with the millennial emphasis on experiences, enabling spontaneous road trips or visits to family and friends even as trends like ride-sharing and remote work offer alternative solutions.

Fitness and well-being

Millennials are a generation highly attuned to the importance of physical health and well-being, often willing to invest financially in this area, even if it means taking on debt. Gym memberships, personal trainers, and specialized home fitness equipment are seen as worthwhile investments. For many, these expenses aren’t just about staying in shape, they’re tied to overall mental health, quality of life, and even career advancement.


many millennial couples would consider making the calculated decision to go into debt to create their dream ceremonies and celebrations. For them, a wedding is more than just a single day, it’s a milestone event that marks the beginning of a shared life journey. 

It’s also a rare opportunity to gather friends and family, often from diverse geographical locations, in one place. Given the emotional and social significance attached to weddings, many millennials view the financial investment as justifiable, considering it a debt they are willing to take on for the sake of lifelong memories and experiences.

Parenting and childcare

Faced with the rising costs of childcare, healthcare, and education, many millennials are willing to incur debt to ensure their children’s well-being and future success. This generation often prioritizes quality daycare, early education programs, and even extracurricular activities as investments in their children’s development. 

Their focus is not just on meeting basic needs but also on providing opportunities for enrichment and growth. For many millennials, the financial strain associated with parenting is considered a necessary sacrifice, one that they willingly make for the long-term benefit and happiness of their children.


For many millennials, relocating to a city with better job prospects or a higher quality of life is considered a strategic investment, one worth incurring debt for, especially with the situation of the country. The potential for career advancement, higher wages, and improved living conditions often outweigh the immediate financial burden of moving. 

Whether it’s to chase a dream job or to access better amenities and culture, the long-term benefits are seen as justifying the upfront costs, making relocation a calculated financial risk that aligns with their broader life goals.

Trendy lifestyle subscriptions

While not considered essential expenses, services like ordering meal kits, streaming platforms, and monthly box subscriptions offer a quality-of-life boost that many millennials find valuable enough to warrant the cost. These conveniences often align with busy lifestyles, providing easy access to entertainment, nourishment, or even self-care products. The perceived value these subscriptions add to daily life can make them seem worth incurring some debt for, particularly when balanced against the time or effort they save.

Hobbies and interests

Millennials often view hobbies not just as pastimes but as meaningful extensions of their identities. Whether it’s photography, music, or other interests requiring significant upfront investment, many are willing to take on some debt to pursue their passions. These hobbies often serve multiple purposes, offering not only personal fulfillment but also potential side hustles or networking opportunities. The calculated financial risk is seen as an investment in personal growth and happiness, making it a debt that many millennials consider worth taking on.

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