October 22, 2016
I read a puzzling article today. It says that today’s generation (the Millennials) focus more on experiences—travel, hobbies, meals, etc.—than buying “stuff”, so they’re not contributing to the economy as much as previous generations.
That argument doesn’t make sense to me—they’re still spending money, even if it’s on restaurants or travel instead of big TVs. They’re just not spending money in the traditional way—buying houses. The article even says that Millennials are one reason restaurants have been doing so well, and hiring so many workers.
So just because they’re not buying what other people have bought in the past doesn’t make them economic drones. They’re just not tying themselves down.
Frankly, I’m with them, as long as they keep enough to pay the rent and not sponge off their parents.