How Expensive Is Your Drunk Shopping Habit?

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A night of heavy drinking can lead to more than just nausea and a killer headache the morning afterward. It can also leave you with a credit card bill for some taxidermied alligator head you don't remember buying on Amazon. This is all thanks to tipsy shopping, which, according to a recent survey conducted by the Archstone Recovery Center, may be more expensive than you think.

Drunk Americans may be spending as much as $30 billion annually while shopping online, The Daily Dot reports. A separate survey conducted in February 2018 by the website Finder suggests as many as 46 percent of people have made a purchase while under the influence. Those drunk purchases add up: According to Finder’s research, Americans spend an average of $447.57 per year shopping while buzzed.

Gin is apparently the most dangerous alcohol for your wallet, according to the Archstone Recovery Center. Gin drinkers in Archstone’s survey spent the most on Amazon shopping sprees—an average of $82.40—and they were also likely to splurge on more expensive items (an average of $235.10 for the most expensive purchase). Whiskey drinkers, on the other hand, spend the least amount of money when they’re drunk ($38.84 on average), but they’re right behind gin drinkers in terms of splurging ($204.70 for the priciest Amazon orders).

But who spends more while drunk shopping on Amazon? Women, says Archstone, who spend an average of $45.39 on a drunk shopping spree (men spend an average of $39.87). Men spend more than women on their most expensive splurges, though ($198.27 and $154.81, respectively).

People regret some purchases more than others, Archstone says. Almost 67 percent of people in the survey regretted purchasing cell phones and phone accessories, and 34 percent regretted purchasing books. On the other hand, nobody regretted buying musical instruments, and a full 93 percent said they enjoyed their purchases of pet supplies.

Archstone’s survey wasn’t exactly scientific. According to the center’s methodology report, the study surveyed 1094 people, and the only qualifier for participation was that subjects had to have purchased an item on Amazon while drinking alcohol.

But the results are fascinating, and it’s a good reminder that shopping—like driving, texting, and exercising—is better left for when you’re sober.

[h/t The Daily Dot]

The Two Types of Millennials, and the Differences Between Them

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undefined undefined / iStock via Getty Images

Though often described in blanket terms, each Millennial's experience varies greatly. And it isn't just their age ranges and relationships to technology that divide the generation. According to one expert, American Millennials (anyone born between the years 1981 and 1996) fall into two subgroups based on their levels of success: "me-llennials" and "mega-llennials."

Center for Generational Kinetics president Jason Dorsey, who researches Millennials, told Business Insider that life paths and financial status may be a better indicator of the differences in members of this generation than the years they were born. According to him, the first group feels behind in their careers and other areas of adult life, while the second group feels right on track.

For the first group, he coined the term "me-llennials." These are Millennials who fit the common narrative surrounding the generation: They're dealing with stagnant wages and career paths, unaffordable housing, and mountains of student loan debt. The homeownership rate of Millennials today is 8 percent lower than that of Baby Boomers at the same age. National student loan debt, meanwhile, reached a record high of $1.5 trillion in 2019.

Millennials belonging to the second group are at a much different place in life. These so-called "mega-llennials" manage their bills, feel satisfied with their careers, and are overall more financially stable than other members of their generation. For these reasons, mega-llennials may not relate to the typical millennial experience that's often reported.

These trends indicate that the story of Millennials' progress is more complicated than it may seem. While the combination of steep bills and low wages may be worse for young people today than it was for older generations, the Millennials who aren't dealing with those hardships have an even greater advantage over their peers. The gap between these subgroups will only get wider: Millennials are set to inherit trillions in wealth over the coming decades.

[h/t Business Insider]

The University of Texas at San Antonio Is Offering Free Tuition to Thousands of Students

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Prostock-Studio/iStock via Getty Images

If you’re a resident of Texas with college ambitions but face some financial hardship, there’s good news coming out of the University of Texas at San Antonio. This week, the school announced a program called Bold Promise, which will cover tuition for thousands of students annually.

To be eligible, enrollees must be first-time freshmen living in the state, ranked in the top 25 percent of their high school class, and have graduated less than 16 months prior. Once enrolled, they must maintain a 2.5 grade point average each semester. The adjusted gross income of their family cannot exceed $50,500.

UTSA is currently ranked 293 to 381 by U.S. News and World Report in national universities. The school hosts roughly 32,264 students, with an average annual tuition of $9722 for Texans and $24,722 for out-of-state attendees. The acceptance rate is roughly 79 percent.

Incoming students have until January 15 to submit an application, but no separate Bold Promise form is required. The program officially begins with the fall 2020 semester and will cover four years of education. UTSA says the cost will be covered by scholarships, grants, and other exemptions on the state and federal levels. Students will also have the chance to apply for financial aid to cover boarding expenses. UTSA estimates 4000 students will be eligible for the program.

The University of Texas-Austin instituted a similar offer earlier this year, with free tuition for a four-year program offered to students with household incomes of $65,000 or less. Colleges in Michigan and New York have also implemented tuition programs.

[h/t KSAT]

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