Millennials are about to trigger a major ‘changeover point’ for the US economy

“So, we have got 89 million people in between 21 and 38 years old that are about to start their lives, form households, do incredibly economically impactful things...”

I hope he isn’t holding his breath. Might want to look at Japan for his future.

Whilst I wouldn't claim the point made is incorrect, I feel Mr Smead hasn't really made the argument that it's a changeover point. Where's the evidence that this isn't just going to be a continuation of a relatively steady state? He hints that there are others moving up in the cohort behind millennials (whatever they'll end up called) and presumably there's a generation further advanced,but if this is to be some significant changeover then why isn't he talking about how the earlier generation's behaviour differs?

>He said this will mean young adults will soon start to move away from buying “Apple devices, craft beer and Chipotle burritos” and instead spend their savings on big-ticket items such as houses and cars.

Where is this “savings” I keep hearing about? Is it something you’re born with?