Washington Post, December 6, 2018: Millennials aren’t breaking traditions. They’re just broke.
A research paper published last month by economists at the Federal Reserve comes to a different conclusion: Millennials aren??t choosing to break economic traditions. Instead, we’re just broke.
The report, “Are Millennials Different?,” looks at financial and cultural milestones for the cohort born between 1981 and 1997, and how it compares with earlier generations at a similar life stage. Contrary to stereotypes that kids these days have sharply different tastes and aspirations than did kids of yore, the report concludes that “millennials do not appear to have preferences for consumption that differ significantly from those of earlier generations.”
