Young Research & Publishing Inc.

Investment Research Since 1978

Millennials Shun Boomers’ Stuff

By

I came across this article thanks to the folks over at WSJ Adviser. Apparently the kids don’t want all of your stuff.

A seismic shift of stuff is underway in homes all over America.

Members of the generation that once embraced sex, drugs and rock-and-roll are trying to offload their place settings for 12, family photo albums and leather sectionals.

Their offspring don’t want them.

As baby boomers, born between 1946 and 1964, start cleaning out attics and basements, many are discovering that millennials, born between 1980 and 2000, are not so interested in the lifestyle trappings or nostalgic memorabilia they were so lovingly raised with.

Thanks, Mom, but I really can’t use that eight-foot dining table or your king-size headboard.

Whether becoming empty nesters, downsizing or just finally embracing the decluttering movement, boomers are taking a good close look at the things they have spent their life collecting. Auction houses, consignment stores and thrift shops are flooded with merchandise, much of it made of brown wood. Downsizing experts and professional organizers are comforting parents whose children appear to have lost any sentimental attachment to their adorable baby shoes and family heirloom quilts.

To make matters worse, young adults don’t seem to want their own college textbooks, sports trophies or T-shirt collections, still entombed in plastic containers at their parents’ homes.

The 20- and 30-somethings don’t appear to be defined by their possessions, other than their latest-generation cellphones.

Related video:

The following two tabs change content below.

E.J. Smith

Editor-in-Chief
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com.

Latest posts by E.J. Smith (see all)