Americans turning against ‘stuff’

Millennials are thinking entrepreneurially, viewing themselves as microbusinesses operating in a highly uncertain economic environment.

Millennials aren’t alone as they shift from tangibles (cars and homes) to intangibles (education and access to data). The business sector is moving along the same tangible-to-intangible path as the Millennials, perhaps at an even faster pace. Business spending on nonresidential structures, other than mining-related, is roughly 30% below the 2007 pre-recession highs, while investment in software is up almost 20% over the same period.

 

 

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