Millennials have been dubbed the "children of the Great Recession" and growing up in this economic instability led them to develop traits that will shape the nation's economic future, for better or for worse. Los Angeles Times staffer Don Lee takes a look at the traits that define millennials such as their not being big spenders with their preference being experiences over accumulating items.
Lee says that millennials are a more well-rounded generation than their predecessors which could have a major affect on an economy powered by consumer spending:
Young Americans are unusually optimistic, which could propel purchases — and economic growth — as their disposable income increases. But they’re still not likely to have as much left over because so much is going for skyrocketing rents and education expenses.