Well, they’re definitely NOT buying homes. I have yet to meet an under 34 year old who is anywhere nearly mature enough to SAVE that kind of money, or even have a desire to settle down.
They ARE into travel and “adventures” to be had. That I know. A few of my daughter’s girlfriends are spending their money and time on “yoga retreats.” Forget finding a husband or settling down ...no way, man. They’ve got their jobs and the stress from the jobs drives their need for the yoga retreats. And the twice a year jaunts to Puerto Rico, Bermuda ...they need that, too.
Never really did consider the effect their propensity to delay adulthood will have on the economy. They are going to have a tough time in so many ways.
I will give my 25 year old credit, though — she works, she saves, she doesn’t spend on extravagances and she DOES desire marriage, home, and family ...she just knows how expensive life is and feels she needs to firmly establish her career and get a good income going. This is how it is ...I’m proud she works for what she has and doesn’t ask us for a dime ...but I worry about her, nonetheless. The young women, especially, just feel that guys their age are absolutely bozos and they are going to have to be independent earners and breadwinners...it’s really sad.
Maybe what this is showing is that generation is more sensible than we give them credit for. They did, after all, grow up seeing their parents struggle with housing and car payments, and they're already saddled (in many cases) with stupid college loans.