Feeling the pinch, groceries become a 'splurge' for millennials and Gen Z

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• Younger generations spend more on groceries than other categories, a McKinsey report says.
• But all generations are feeling the pinch of inflation at the grocery store.
• The average household spends $445 more a month on goods and services than last year, Moodys says.

Splurging once meant spending money on buzzy restaurants, expensive vacations, and designer clothing. These days...