Ascetic Millennials Are Refusing Their Parents’ Treasures

Categories: social, economy
Tags: housing

What? According to the Washington Post, as baby boomers start moving into smaller places for their retirement, many are discovering that millennial children born between 1980 and 2000) don’t want to inherit their furniture, decoration, or memories (textbooks, trophies etc.). Downsizing experts and professional organizers are warning parents that their children may not have the same attachment to material belonging.

So what? Beyond certain technological devices, millennials do not appear to define themselves by their possessions.  Many of them now prefer to live simpler lives with, fewer belongings, and in smaller spaces. As expressed by one young man, “if I can’t store my memories of something in a computer, I’m probably not going to keep them around.” Is this the sign of a long-term change in consumption patterns?  What are the links between “virtual” reality and possession/consumption patterns? What does this mean for the future of housing? Does this reinforce the idea that a real “sharing” economy will emerge (sharing and exchanging possessions, carpooling, etc.)?

Source: The Washington Post – Stuff it: Millennials nix their parents’treasures

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