While these theories are mostly conjecture, Taylor views millennials general aversion to risk as factual and evidenced. Now maybe that’s because they don’t have money, they don’t have the economic security that leads to a freedom to take risks. Or maybe it’s the way they’ve been raised. I think you can see that in their consumption habits as well... because they don’t have the money or they don’t want to take on the debt. They’re not buying cars, they’re not buying houses and I think there is a kind of wariness that cuts across a lot of the dimensions of their lives. Simply put: millennials have watched a lot of people get burned over the past seven years. Their parents have fought foreclosures and debt. Divorce rates have led to a lot of broken homes. Millennials have come of age during an era where the promise of success more resembles a fleeting chance. Theres seen unending war, escalated political partisanship, and growing economic inequality. In many ways, millennials feel theyve watched their cultural inheritance get squandered away by the political elite.
Posted on: Wed, 24 Sep 2014 20:15:57 +0000
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