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America owes millennials an apology — everyone blows their budgets eating out

Whether it’s beans on toast or avocado on toast, the net effect is the same: Millions of Americans of all ages are blowing their cash in fancy brunch spots.

Every age group admits to busting their budget, if not their britches, on food and beverages. It’s the No. 1 reason for exceeding expenses for those aged 20 to 29 (40%), 30 to 39 (34%), 40 to 49 (39%), 50 to 59 (36%) and those aged 60 and older (33%). That’s according to a survey of 1,000 people by Brandtrust, a research and strategy firm. Perhaps less surprisingly, the younger cohorts aged 20 to 39 are most likely to overspend on alcohol (roughly 9.5%) than older people.

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