How Young People Are Spending Their Friends’ Money

What's Hot

How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

Money transferred electronically from one person to another is more commonly spent on this good than any other. Find out what it is.

Money transferred electronically from one person to another is commonly spent on pizza.

Yes, pizza — at least according to data compiled by the app Venmo for CNN Money.

Venmo enables users to transfer money to people in the U.S. who have a phone number or email address, according to its website. The app is popular among members of the millennial generation, CNN reports.

One feature that differentiates Venmo from comparable services like PayPal is that it requires users to include a brief message when they send money. CNN reports that users often simply enter a so-called emoji in the message line.

These tiny symbols, commonly used in text messaging and on social media websites, are often representative of feelings. (Think of the round yellow smiley face or frowning face, for example.)

But the emojis most commonly sent in Venmo messages represent goods and services, which CNN reports is a reflection of users’ spending habits:

[Venmo] doesn’t share the actual dollar amounts of the transactions, but the emojis give some insight into what millennials spend money on when they are out with friends.

Nationwide, the pizza-slice emoji takes the lead.

State by state, the most common Venmo emojis from this summer include:

  • New York: Taxi
  • Los Angeles: Pizza
  • San Francisco: Pizza
  • Chicago: Pizza
  • Boston: Pizza
  • Philadelphia: Clinking beer glasses

Other popular emojis include the rent symbol and the knife-and-fork symbol.

This fall, the football symbol has also become popular in Chicago, Boston and Philly, reportedly in association with users paying each other for tickets, viewing parties and related events.

Which emoji do you think best represents your spending habits? We’d love to know — share your thoughts below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: Tax Hacks 2017: Don’t Miss These 16 Often-Overlooked Tax Breaks

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,879 more deals!