I think what is missed is while millennials have less money, they also have options to get by for less too. In the past if you could not afford a car you took

I think what is missed is while millennials have less money, they also have options to get by for less too. In the past if you could not afford a car you took the taxi (expensive) or the bus (time and route limited), today Uber and Lyft are a lot cheaper than taxis while going where you want. In the past if you could not afford a house, you rented. Today, while numbers are limited still you have the option of getting a tiny house for a lot less than what a full house cost. And a better place than what the old trailer homes would get you. In the past if you could not afford full vacations, you went camping and rarely left the country. Today you can get things like Airbnb for a lot less than a resort or hotel. And of-course internet for movies, music are cheaper ways to get entertainment too.