When it comes to big ticket purchases like houses and cars, skittish young people may want a better guarantee of long-term value.
It's ok to admit that the last few years have freaked some of us out. Overall, we're all spending less money and in some cases, buying less stuff. Economist and journalist Michael Mandel, writing at the Atlantic, suggests that in the case of Millennials, it's because of a change in mentality: People are increasingly thinking of themselves as "microbusinesses" and are more concerned with risk and uncertainty than in the past. And how do you sell a spooked twenty- or thirtysomething a house?