I love these "economists" waffling on about reasons why young people aren't spending money on X like their parents used to, that have nothing to do with oh I don't know "stagnant wages", "crippling student debt", or "30% unemployment".
"It's All About The Material Conditions, Stupid" -- Karl R.R. Marx, A Song of Capital and Ice
"It's All About The Material Conditions, Stupid" -- Karl R.R. Marx, A Song of Capital and Ice