A generation with little disposable income and which tends to use plastic rather than cash are completely ruining the mugging industry, it’s emerged.

Street thieves are feeling the pinch as an entire generation of potential targets are too broke to worth bothering with.

‘What’s the point in robbery when nothing is worth taking?’ one mugger asked us.

Whilst another said, ‘I snatched a handbag off a millennial and all it contained was a book and an avocado. What am I supposed to do with that?’

And experts are worried that mugging will become yet another industry left in tatters because of the millennial generation.

‘A lot of millennials have two or three jobs yet still don’t save enough money to support their local mugging industry. If things carry on this way then muggers might have to join the job market, which is already competitive enough as it is,’ said Alex Mayfront, an economist and amateur pervert.

The government has said it is considering subsidising millennials so that the mugging industry remains strong and healthy.