(April 21, 2012) Consumer
tastes are changing at a greater rate than ever before. Not surprisingly, the
purchasing habits of the youngest generation present the most dramatic shifts —
a reflection of what they find important. 24/7 Wall St. has identified eight
popular products that the “Facebook generation” is not buying.
Generation
Y, generally defined as those born between 1980 and 1999, have lost interest in
many of the services and products their parents found important. For example,
younger Americans are less interested in cars. In 1998, 64.4% of potential
drivers 19-years old and younger had drivers licenses. By 2008, that rate had
dropped to 46.3%, according to the Federal Highway Administration.