Why youngsters don't purchase cars and flats any longer

These days, the conventional measure of achievement - owning a flat and/or a car is outdated. An expanding number of youngsters around the globe would prefer not to get them.

Researches demonstrate that the alleged millennial era, who are currently 30-35 years of age, rarely purchase houses and much more rarely - car. Truth be told, they don't purchase super costly things by any stretch of the imagination. In the USA, individuals less than 35 years old are called 'the era of renters.'

source: truelovelady

What is the reason for this?

  1. Individuals have no enthusiasm for material things -
    Why possess a car in the event that you can take a taxi? It's almost a personal car with a driver. Also, it's not more costly than having your own car. Why purchase a house in a lovely place and go there for vacation, while you can discover a place to stay through Airbnb in any place of the planet? You don't need to overpay for lease or purchase a property in a nation you adore. Similar thing with land in the place where you grew up.
  2. The idea of ownership is no more relevant -
    James Hamblin, The Atlantic's writer, clarifies the phenomenon as follows: 'Over the previous decade, therapists completed an incredible measure of research demonstrating that, in terms of happiness and a sense of well-being, burning through cash on new experiences is substantially more productive than purchasing new things. It brings more happiness.'
  3. Buying things makes us concerned -
    There’s one more thing. The things we own, especially if they’re very expensive, make us worry about their condition. If you buy a car, you’ll flinch every time someone’s alarm sounds outside. If you buy a house and fill it with expensive items, you’ll be afraid of being robbed. Not to mention the fact that a car can be scratched or break down, and a super expensive TV might break after a year of usage. But no one can ever take away the experiences you have