Link: The Cheapest Generation
Article in The Atlantic about how millennials just aren’t as interested in buying houses and cars as our parents:
The largest generation in American history might never spend as lavishly as its parents did—nor on the same things. Since the end of World War II, new cars and suburban houses have powered the world’s largest economy and propelled our most impressive recoveries. Millennials may have lost interest in both.
I don’t know if I’m different than other people my age — this article says I’m not — but debt of any kind has always scared the crap out of me. It’s difficult for me to paint buying a new car or a house in any other terms than a lot of money I’m going to owe someone else. I just can’t get more excited about either of those things than I am scared of the debt they represent.