The Rental Generation Sees No Point in Buying

Confronting a jobless rate above 8 percent since 2009 and grappling to pay off student loans worth about $1 trillion, according to the Consumer Financial Protection Bureau, 20- to 34-year-olds are renting apartments, cars, and even clothing to save money and stay flexible.

As the Great Depression shaped the attitudes of a generation from 1929 until the early years of World War II, so have the financial crisis and its aftermath affected the outlook of young consumers, says Cliff Zukin, a professor of public policy and political science at Rutgers University in New Jersey. Read more at Bloomberg Businessweek.
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