Millennial millionaires are temporarily shelving major purchases
as interest rates and inflation rise, according to CNBC’s Millionaire Survey.
Nearly half of millennial millionaires say higher borrowing costs are causing
them to delay buying a car, and 44% say higher interest rates have caused
them to delay purchasing a home, according to the survey
More than a third said inflation has caused them to delay a trip or vacation
The CNBC Millionaire Survey, which surveys those with investible
assets of $1 million or more, suggests that inflation and rising borrowing costs