Donovan X Ramsey for Demos: It’s not about smart phones, selfies or social media. Millennials aren’t making some of life’s biggest purchases because we’re broke. As James Carville might say, “It’s the economy, stupid.”

Reading the money pages of popular publications as a millennial can be infuriating. Every other article seems to stumble through clumsy speculation about my generation’s financial decisions, as if they’re so mysterious.