This is a super-fascinating article for multiple reasons.

First, it turns out millennials are even more like the 1930s generation than we realized. Not just in their politics, as Andrew Hartman recently argued, but also in their economic practices. Having come of age during an epic financial crisis, they’re now staying away from the stock market, and putting their money in savings accounts — the equivalent, during the Depression, of stuffing your dollar bills in a mattress for fear of there being a run on the banks.

These little gestures signal deep cultural shifts that are ultimately really important for politics. My generation was raised to think that the stock market was our savior. Fuck pensions and Social Security! You can’t trust the state or the long-term future. You can get much better returns from the whiz kids on Wall Street. That millennials are rejecting that kind of message seems hugely significant to me.