The kids are home...  

Apparently to stay. Young people are not moving around much.

In the most startling behavioral change among young people since James Dean and Marlon Brando started mumbling, an increasing number of teenagers are not even bothering to get their driver’s licenses. Back in the early 1980s, 80 percent of 18-year-olds proudly strutted out of the D.M.V. with newly minted licenses, according to a study by researchers at the University of Michigan’s Transportation Research Institute. By 2008 — even before the Great Recession — that number had dropped to 65 percent. Though it’s easy to blame the high cost of cars or gasoline, Comerica Bank’s Automobile Affordability Index shows that it takes fewer weeks of work income to buy a car today than in the early 1980s, and inflation-adjusted gasoline prices didn’t get out of line until a few years ago.

Perhaps young people are too happy at home checking Facebook. In a study of 15 countries, Michael Sivak, a professor at the University of Michigan’s Transportation Research Institute (who also contributed to the D.M.V. research), found that when young people spent more time on the Internet, they delayed getting their driver’s licenses. “More time on Facebook probably means less time on the road,” he said. That may mean safer roads, but it also means a bumpier, less vibrant economy.

All this turns American history on its head. We are a nation of movers and shakers. Pilgrims leapt onto leaky boats to get here. The Lost Generation chased Hemingway and Gertrude Stein to Paris. The Greatest Generation signed up to ship out to fight Nazis in Germany or the Japanese imperial forces in the Pacific. The ’60s kids joined the Peace Corps.

But Generation Y has become Generation Why Bother. The Great Recession and the still weak economy make the trend toward risk aversion worse. Children raised during recessions ultimately take fewer risks with their investments and their jobs. Even when the recession passes, they don’t strive as hard to find new jobs, and they hang on to lousy jobs longer. Research by the economist Lisa B. Kahn of the Yale School of Management shows that those who graduated from college during a poor economy experienced a relative wage loss even 15 years after entering the work force.

Perhaps more worrisome, kids who grow up during tough economic times also tend to believe that luck plays a bigger role in their success, which breeds complacency. “Young people raised during recessions end up less entrepreneurial and less willing to leave home because they believe that luck counts more than effort,” said Paola Giuliano, an economist at U.C.L.A.’s Anderson School of Management. A bad economy can boost a person’s weighting of luck by 20 percent, Ms. Giuliano found.

Notice how popular the word “random” has become among young people. A Disney TV show called “So Random!” has ranked first in the ratings among tweens. The word has morphed from a precise statistical term to an all-purpose phrase that stresses the illogic and coincidence of life. Unfortunately, societies that emphasize luck over logic are not likely to thrive. [More]

I'm not sure this is as big of a problem as the writer asserts, but it does bear contemplating.  If there is some cause-effect factor with the Internet, faster service and better gadgets will accelerate this trend. 

Regardless this does shed some light on the gasoline consumption drop, for one thing. It could be younger people will form a less intense consumer group, preferring experiences to stuff. 

Whatever the reason, the cultural impact will be considerable as Boomers loudly leave the stage.