Millennials have positive outlook for coming year

Half of millennials surveyed expect personal financial situation to improve in the next year.

According to a new Technomic study, consumers, especially millennials, have a positive outlook on the future, which indicates that they may increase spending on foodservice in the next year. Fifty percent of millennials expect their personal financial situation to improve in the coming year, while only a 21% of all consumers surveyed think their financial situation will worsen over the next year.

A Technomic press release stated that “in order to appeal to consumers and win their foodservice dollars, operators and suppliers need to consider attitude and lifestyle differences by generation, particularly as this translates into their foodservice need states, preferences and expectations.”

Other findings from the The Generational Consumer Trend Report include:

Although millennials earn a lower income than older consumers, a greater percentage of millennials (42%) than gen Xers (33%) and boomers (24%) report visiting upscale casual-dining restaurants at least once a month.

Of all generations, 43% of millennials say that coupons and discounts influence where they purchase food.

Thirty-one percent of millennials chose either "often" or "very often" when asked "How often do you choose restaurants based on the healthfulness of their menu?" Only 21% of gen Xers and 18% of boomers made that choice, aligning with data showing thatmore millennials say it is important to eat healthy.

Read more

More From FoodService Director

Ideas and Innovation
bolognese sauce

We’re trying to bring scratch cooking to all the elementary schools, but we’re taking it dish by dish. Right now, we satellite a lot of the dishes out. This month we made a Bolognese from scratch, and went to each of the schools to talk to them about the process and see if they could implement it. It helps us find out the hurdles and what they are going to need to make it work.

Ideas and Innovation
unsung heroes graphic

Febin Bellamy, a senior at Georgetown University, is the founder of Unsung Heroes, a nonprofit that features service workers on college campuses in man-on-the-street-style Facebook interviews. This year, Bellamy is working with a dozen schools to launch their own chapters of the storytelling platform. Here’s what he’s learned about staff shoutouts.

Q: Why did you decide to start Unsung Heroes?

A: One day I started a conversation with a custodial worker in the business school that I would see all the time. I learned that we had a lot of similarities; for instance, we both wanted to...

Ideas and Innovation
chicken and waffles

Our elementary menu is currently riding the breakfast-anytime advertising trend by offering Breakfast for Lunch every Tuesday. It ranks as our highest participation, and it was a great way for us to introduce chicken and waffles inspired by an IHOP dish.

Ideas and Innovation
rolling silverware

Ensuring that employees regularly complete the busywork missing from their daily checklist can be a challenge, but these tasks often help an operation run efficiently with fewer unexpected costs. At Methodist University Hospital in Memphis, Tenn., Regional Executive Chef Dustin Cochran has found a solution to ensure his walk-in coolers always have a clean vent. Cochran starts with a thorough cleaning of the vent, then slips a hairnet over it to catch the dust. Instead of getting employees to deep clean the vents, they need only replace the hairnet.

FSD Resources