Business Insider spoke to Dan Ariely, James B. Duke professor of behavioural economics at Duke university, and author of "Small Change".
Ariely said millennials' spending habits aren't necessarily down to their personalities and have more to do with the environments they are in.
He added that our environment determines our actions, and we're often put in environments where we are encouraged to spend.
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Watch to hear the full interview.
Follow Business Insider on Twitter: https://twitter.com/businessinsider
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Read more: http://www.businessinsider.com/
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. 
The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Business Insider
Watch to hear the full interview.
Follow Business Insider on Twitter: https://twitter.com/businessinsider
Follow BI on Facebook: http://bit.ly/1W9Lk0n
Read more: http://www.businessinsider.com/
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
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