I'd agree young Americans are less interested in owning their media and there does seem to be a general trend away from materialism and towards spending any extra income on experiences over objects. However, I reject the notion that the younger generations are less interested in owning property. Young people do want to have a stake in the system, but most places young people are living (especially where they're moving to) it's nearly impossible for most of them to get into the property/housing ownership game to begin with due to housing price inflation and stagnant wages.
If you took millenials and plopped them in the economic context that the young generations of the 50s (or even 70s/80s) had I think this would be a very different story.
If you took millenials and plopped them in the economic context that the young generations of the 50s (or even 70s/80s) had I think this would be a very different story.