Millennial millionaires are delaying hom car purchases due to inflation

Millennial millionaires are temporarily shelving major purchases

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as interest rates and inflation rise, according to CNBC’s Millionaire Survey.

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Nearly half of millennial millionaires say higher borrowing costs are causing

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them to delay buying a car, and 44% say higher interest rates have caused

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them to delay purchasing a home, according to the survey

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More than a third said inflation has caused them to delay a trip or vacation

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The CNBC Millionaire Survey, which surveys those with investible

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assets of $1 million or more, suggests that inflation and rising borrowing costs

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