You can try blaming it on baby boomers, high living costs, lifestyle choices, avocados etc.
They don't care about ownership or property and instead want to consume everything as a service right away for convenience. This might be a one off service or something they are tied into with some contract.
I'm 31 and my peers either can't or won't buy property, cars, phones, kitchen utensils or other assets.
It's like feudalism 2.0, there's a whole bunch of people who own nothing now and are tied into contracts which can be quite onerous. Serfdom 2.0 for the middle classes. Ready to be milked by the people who own these services.
Another example is the music market. It's become intangible with Spotify etc. I still keep digital copies of music and host a Plex server which I control. Noone can deny me access that way. I still have CDs if something really goes wrong.
It's almost like it's cool to be a consumer of Airbnb, Uber, Lyft, Deliveroo, Lime, DriveNow instead of painstakingly saving for that second hand car or holiday at that hotel resort.