“A young person doesn’t need capital for a deposit,” McMinn says. “We’ve become a nation of renters when it comes to cars.”

This points to something that worries me about the future. Broadly speaking, the less we own and the more we "rent," the more we empower the rentier class, along with the already powerful creditor class. The transfer of wealth to the wealthiest classes has been underway for some time now. That's hard to reverse, and it's not working out well for most of us. What happens if a transfer of the ownership of stuff gets the same momentum?

"High numbers of baby boomers took out life insurance, whereas millennials, who have fewer assets to protect, have not. As a result life insurers have been struggling to replace dying boomers with younger customers."

Plus they have to buy health insurance now with the passing of ACA.