Millenials spend less than previous generations

An interesting story in the Atlantic about how Millenials are spending less on the big ticket items, namely cars and houses, than previous generations, http://www.theatlantic.com/magazine/archive/2012/09/the-cheapest-generation/309060/2/.  The real estate part is mostly on the second page, but its an interesting look at how spending habits and desires have changed over the past 30+ years.  I had already been noting to my friends how today's kids are less interested in driving and cars than we were, with many not getting their license until they go to college or even later.  That compares to when I was a teenager and we would go to the DMV on our 16th birthday to get a license as soon as possible.