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I'm almost certain that Scott would suggest his generation was weirder to the older one, than millennials are to theirs. What he's trying to capture here is th

I'm almost certain that Scott would suggest his generation was weirder to the older one, than millennials are to theirs. What he's trying to capture here is that, on average the 20-40 demographic is engaging in an entirely different form of economic interaction than the 40-60, and 60-80 demographics. I don't know if that's the case - I'd be interested in hearing if there is any difference in how the various age groups do, or do not use airbnb, uber, lft, etc.... My guess is that use of these services is much more closely correlated with income, than it is age.

msandford 12y ago
> My guess is that use of these services is much more closely correlated with income, than it is age. > on average the 20-40 demographic is engaging in an entirely different form of economic interaction And that is mostly out of necessity, not choice. People can choose to spend money faster than they make it or not. But the rising tide that floats all boats is gone and with it the perpetual growth and prosperity. Worse for the economy is that when you're heavily indebted the only thing you can do is pare back on your expenses in order to both service the debt and build savings so that you never have to go into debt again. In some cases bankruptcy is also an option, but not if they're student loans. Which is a predicament many find themselves in.