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There was some article I remember about how the Millennial generation was choosing not to buy houses or consumer goods at at large of a volume as previous gener

There was some article I remember about how the Millennial generation was choosing not to buy houses or consumer goods at at large of a volume as previous generations because they preferred things that way. It was like this one, a bunch of statistics + one or two anecdotal examples. It's nonsense, it's economic circumstances, and coping.

nullindividual 3y ago
> choosing not to buy houses or consumer goods There were two studies that bore out less == happier. https://www.cnbc.com/2019/10/10/study-millennials-who-buy-less-and-save-more-are-happier.html https://www.cnbc.com/2019/10/10/study-millennials-who-buy-le... For some, it is a choice (and one I'm very happy with, having lived in a household full of 'stuff' which upon reflection, was overwhelming and depressing). For others, I understand it isn't.
cyanydeez 3y ago
Especially since homeless encampments keep growing. No one's personally choosing to be homeless or living with their parents out of personal freedom.
- hansvm 3y ago
  That's the thing. A few people do, and enough people have seen that first or second hand to recognize a kernel of truth in the bullshit the article is peddling. The article then just uses a few stats to bully the average person's perceived ability to push back on the BS and spins a narrative to fill the void they just opened up in your mind. It's likely to "succeed" despite being extremely probably wrong.
rufus_foreman 3y ago
By 2019, Millenials were making more money than Boomers or Gen X were making at the same age. Roughly the same percentage owned homes as young adults, 50% for Boomers, 48% for Millenials. Housing costs for Millenials in 2019 were a little higher than for Boomers in 1987 and a little lower than for Gen X in 2005. Millenials have a little less wealth than previous generations at the same age, if you don't count a college education as wealth.

nullindividual 3y ago

> choosing not to buy houses or consumer goods There were two studies that bore out less == happier. https://www.cnbc.com/2019/10/10/study-millennials-who-buy-less-and-save-more-are-happier.html https://www.cnbc.com/2019/10/10/study-millennials-who-buy-le... For some, it is a choice (and one I'm very happy with, having lived in a household full of 'stuff' which upon reflection, was overwhelming and depressing). For others, I understand it isn't.

cyanydeez 3y ago

Especially since homeless encampments keep growing. No one's personally choosing to be homeless or living with their parents out of personal freedom.

hansvm 3y ago
That's the thing. A few people do, and enough people have seen that first or second hand to recognize a kernel of truth in the bullshit the article is peddling. The article then just uses a few stats to bully the average person's perceived ability to push back on the BS and spins a narrative to fill the void they just opened up in your mind. It's likely to "succeed" despite being extremely probably wrong.

rufus_foreman 3y ago

By 2019, Millenials were making more money than Boomers or Gen X were making at the same age. Roughly the same percentage owned homes as young adults, 50% for Boomers, 48% for Millenials. Housing costs for Millenials in 2019 were a little higher than for Boomers in 1987 and a little lower than for Gen X in 2005. Millenials have a little less wealth than previous generations at the same age, if you don't count a college education as wealth.