What does money buy? In most of the west not even a home , and luxuries are demonized. Vacations are alright but become a bit of a chore. Work for work's sake does not cut it anymore.
Not that this was unexpected, considering the huge demographic shift
Yeah, that's what I think goes unsaid in the article: the shift in cost structure from affordable basics with unattainable luxuries to unattainable basics with routinely affordable "luxuries". It's easy to buy upscale consumer goods (craft beer, video games, leisure equipment, nice clothes) but most people in the Millennial generation and younger are simply not able to own a home.
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What does money buy? In most of the west not even a home , and luxuries are demonized. Vacations are alright but become a bit of a chore. Work for work's sake does not cut it anymore.
Not that this was unexpected, considering the huge demographic shift
Yeah, that's what I think goes unsaid in the article: the shift in cost structure from affordable basics with unattainable luxuries to unattainable basics with routinely affordable "luxuries". It's easy to buy upscale consumer goods (craft beer, video games, leisure equipment, nice clothes) but most people in the Millennial generation and younger are simply not able to own a home.