Fed Working Paper: Are Millennials Different? (And Why 'News For Millenials' Plays Never Panned Out)

Yes they are different.
They patently don't convey tin openers.
More after the jump.

From the Divisions of Research & Statistics as well as Monetary Affairs, Federal Reserve Board, Washington, D.C.:
Nov 2018

Abstract

The economical wellbeing of the millennial generation, which entered its working-age years some the fourth dimension of the 2007-09 recession, has received considerable attending from economists as well as the pop press. This chapter compares the socioeconomic as well as demographic characteristics of millennials with those of before generations as well as compares their income, saving, as well as consumption expenditures. Relative to members of before generations, millennials are to a greater extent than racially diverse, to a greater extent than educated, as well as to a greater extent than probable to convey deferred marriage; these comparisons are continuations of longer-run trends inwards the population. Millennials are less good off than members of before generations when they were young, with lower earnings, fewer assets, as well as less wealth. For debt, millennials concord levels similar to those of Generation X as well as to a greater extent than than those of the infant boomers. Conditional on their historic stream as well as other factors, millennials practise non appear to convey preferences for consumption that differ significantly from those of before generations. 

HT: today's FT Alphaville Further Reading post.

Well that should position the brakes on some of those "Things Millenials Are Wrecking" stories:

Bustle
11 Things Millennials "Ruined"
BuzzFeed
29 Things Millennials Killed This Year
Mashable
11 things millennials ruined

Now, virtually those tin openers, from the Wall Street Journal, Dec. 2:

The Trouble With Tuna: ‘A Lot of Millennials Don’t Even Own Can Openers’
StarKist, Bumble Bee as well as Chicken of the Sea bargain with slumping marketplace with contest from fresher options

And speaking of Bustle, BuzzFeed as well as Mashable here's Digiday:

Why ‘news for millennials’ media plays never panned out

We'll convey to a greater extent than on that afterwards today.