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The cheapest generation

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Millennials just aren’t interested in buying cars or houses—a trend they certainly did not learn from their parents. Every economic recovery since World War II has been driven by the automobile and housing market. Most are hoping the youthful disinterest is a result of the overall economic downturn, but the technological revolution could also be to blame. Friends can connect with each other anywhere anytime and for a much lower price than a vehicle can do. Still, if Millennial penny-pinching is not a result of upbringing, the economy or technology, could it simply be a permanent realignment of spending habits?

Read the story.


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