MONEY Odd Spending

WATCH: We Try Out NYC’s First Bitcoin ATM

The Bitcoin crypto-currency may be the wave of the future, but MONEY's Jacob Davidson finds that using it to buy lunch can be a hassle right now.

MONEY Odd Spending

Meet the Drivers Making Toll Booth Lines Even Longer This Weekend

Line of cars waiting up at a toll
Bay Bridge Joshua McKerrow—AP

For some drivers, the fear of scams, overcharging, and government surveillance still outweighs the benefits of E-ZPass. They pay cash because they like talking to toll takers, too.

“Why would anyone NOT have E-ZPass?”

That question was posted at a Yelp forum … in 2007. The puzzled, frustrated individual asking the question pointed out that E-ZPass is “free and it saves so much time. It also reduces traffic for everyone. Someone, please please please tell me why everyone doesn’t have it?”

And yet, here we are, seven years later, with one of the year’s busiest road trip weekends upon us, and there will still be drivers backed up in gigantic lines at toll booths to pay cash—clogging up traffic in general while they’re at it—because they don’t have E-ZPass accounts. If anything, it’s even more difficult now to get around by car without an E-ZPass or another toll-paying transponder from a corresponding program, what with the expansion of cashless toll roads across the country. So what gives?

The Boston Globe recently reached out and talked with some “conscientious objectors” who refused to get on board with E-ZPass. Their reasons for sticking with cash and enduring longer-than-necessary waits at toll booths include:

They are concerned about government surveillance. They are apprehensive about erroneous fees charged automatically to their credit cards. They disapprove of eliminating good jobs held by toll takers for decades. And they would miss the small social exchanges with toll takers, the face-to-face contact, as they pass over their fare.

Is there validity to these concerns? Well, sure, there’s some. One of the big reasons states are pushing for cashless tolls is because doing so allows them to cut costs by getting rid of toll taker salaries. And there’s certainly nothing wrong with wanting to take a stance to help protect these workers and human contact in general in an increasingly cold, impersonal, automated world.

As for privacy and mistakes that could cost account holders money, there’s some evidence that they too are of legitimate concern. Occasionally, credit card errors or payment mix-ups result in huge bills for account holders. In one notorious case in the Seattle area, a couple with a Good to Go pass—a program that’s similar to E-ZPass—got hit with a bill for $8,346.82 because when their bank merged, the pass account was never updated, and tolls went unpaid for months. (The fines for nonpayment far surpassed the actual tolls themselves.)

By far, though, the biggest thing motivating E-ZPass refuseniks is the privacy issue. Bloggers have raised alarm bells by spreading word that the police and other authorities track E-ZPass travels all over metropolitan areas, not just at spots where tolls are paid. This summer, states such as Pennsylvania warned that phishing scammers somehow got hold of the email addresses of E-ZPass holders and were trying to get more personal information via fraudulent messages. The FTC later issued a national warning about phishing scams related to E-ZPass.

“Do I really want the government to keep a paper record on my comings and goings? No,” one E-ZPass-refusing driver told the Boston Globe. “It’s a slippery slope. Where does it end? I don’t like the trend.”

Still, considering the recent history of NSA surveillance programs and the news that a billion passwords were stolen by Russian hackers, it’s not like dumping your E-ZPass account is suddenly going to protect you from all forms of identity theft and other scams. In fact, privacy and Internet security experts generally say that everyday transactions like credit card payments and logging into email and other online accounts should be of far higher concern than using an E-ZPass.

None of this negates the need to be vigilant about protecting one’s personal information, of course. All in all, most people understand the individual’s fear of hackers and discomfort with government surveillance. Most people respect the individual’s right to make a stand about protecting privacy and workers’ jobs. It’s just that the vast majority of drivers would prefer that people wouldn’t be making this stand during Labor Day Weekend, when doing so makes already crowded roads and annoying tolls even more of a pain.

MONEY online shopping

WATCH: Kickstarter Raises a Record $11 Million…for a Drink Cooler

The Coolest Cooler comes loaded with USB chargers, a cutting board and a Bluetooth speaker. It'll even cool your food and drinks!

MONEY Odd Spending

7 Crazy New Products You Can Buy to Spoil Your Pet

BEETHOVEN'S 2ND, Beethoven and Missy, 1993
Dating services can coordinate matches for you--and your pets. Universal—courtesy Everett Collection

Pet dating services? Dog selfies? "Pre-pups?" The world of pampering pets has hit new heights. Like: outer space. Literally.

In recent years, pet owners have been tempted—perhaps guilted—into treating their beloved dogs and cats to products and services that run the gamut from $350 doggie strollers to pet tattoos, luxury doghouses , and gourmet pet cuisine. And how can anyone forget about the fitness-tracking dog collar and the Grumpy Cat-endorsed line of bottled coffee? (The latter was created for human consumption, natch.)

At some point, it would seem like pet marketers simply must run out of every dog-gone idea under the sun. But based on American pet spending—a total of $56 billion last year, and forecasts call for $60 billion in 2014—for entrepreneurial players in the pet economy, the best time to roll out new pet-related products and services is always right meow. Here, in celebration of National Dog Day on Tuesday, are some of the latest options to trot onto the scene.

Personal Trainers for Dogs
Crain’s New York recently reported on some of the latest ways New Yorkers are giving their dogs the very best, including organic artisanal food and the hiring of specialized dog trainers. Not simply traditional trainers who will do the basics like teach a dog to sit, but ones who will run pooches throughout a calorie-burning workout like personal trainers do with humans. Other trainers give dogs swimming and Frisbee-catching lessons, or teach them tricks like taking their own selfies with an iPad. (Warning: Once your dog knows this one, your iPad will bear traces of a wet nose. But the resulting images are probably worth it.)

In-Home Pet Suites
Home builders such as Standard Pacific Homes now offer optional in-home pet suites as part of new construction designs. “The optional pet suite can be customized with a pet shower and removable shower head, built-in cabinetry and other conveniences,” a brochure for one design in a residential community in southern California explains. Pet suites add an average of $8,000 to a home, but more extravagant ones, with flat-screen TVs and a pet door that opens up to a dog run, can go up to $35,000, the Los Angeles Times noted.

Pet Memorial Space Flights
At long last, you can send your deceased pet’s remains into space thanks to Celestis Pets, “the world’s first pet memorial spaceflight service.” The company, which already offers a similar service for human remains, expanded into the pet market this summer. Services range from the basic “Earth Flight,” in which only a symbolic portion of the pet’s cremated remains are sent skyward before returning to earth, to the top-of-the-line “Voyager,” which for $12,500 takes the remains into the deepest space for eternity.

Pet Dating Services
The Associated Press covered the rise of pet-friendly dating services such as PetsDating.com and YouMustLoveDogsDating.com, where like-minded pet-loving singles are supposed to find matches. Love isn’t necessarily the goal, though; PetsDating, “an online community for pet owners who want their pet to enjoy a long, healthy, and fulfilling life in the company of another pet,” has pets rather than human hookups as the primary focus. People who meet through the site could wind up dating, but they also might simply be looking for doggie play dates or someone (and some dog) to go for a walk in the park with. Yet another service, DateMyPet.com, is indeed all about making love matches—within one’s own species, to clear up any confusion about the name.

Dog Toiletries
Companies like Fort Lauderdale’s Synergy Labs are “tapping into the worldwide trend to humanize pets,” according to the Sun Sentinel. The company sells a kennel’s worth of atypical pet merchandise, including a lineup of Pooch Scents (basically: perfume for dogs, with scents like POSH, Rain Fresh, and STUD), high-end organic shampoos and conditioners, and a forthcoming one-of-a-kind toothbrush “designed with three heads to clean the inside and outside of the mouth and the pet’s face at the same time.”

Pet Annuities
A survey by the Securian Financial Group found that nearly 20% of pet owners have made financial plans for the wellbeing of their pets if the owners pass away. Of those, 13% had bought annuities that named the pet’s caregiver as the beneficiary.

Pet Prenups
The rise of couples battling over custody of their pets when they break up—seen this summer with the split of Antonio Banderas and Melanie Griffith, who wants to get their three dogs in the divorce settlement—has raised the profile of “pre-pups.” Like it sounds, the pre-pup is part of a prenuptial agreement that specifies who gets ownership of a pet in the case of a breakup. More attorneys are specializing in pet issues including custody disputes, and apparently there’s quite a need. Data cited by the Daily Mail indicates that one-fifth of separating couples with pets said figuring out who gets the dog was just as stressful as determining who would get custody of the children. Yahoo News reported that without a pet prenup, pets tend to be viewed in the eyes of the court as furniture or any other possession owned by the couple, and bidding wars often determine which party ultimately gets to keep the pooch.

MONEY First-Time Dad

Why New Parents Deserve to Splurge on Themselves Sometimes

Illustration of parents eating at elevated table above baby toys
Leif Parsons

Living in an apartment stuffed with all kinds of toys for his son, this reporter found that spending $350 to create an oasis for himself and his wife was totally worth it.

Part of the joy of raising an infant is accumulating his toys and books and play mats and teethers and clothes and pacifiers and chairs and bottles and strollers and carriers and … well, you get the idea. Clutter is a part of life, and the fact that Luke, our 6-month-old son, is gathering enough junk to take over our apartment means he’s becoming a person. I own, therefore I am.

Still, there is one tiny section of our tiny Brooklyn home that’s off-limits to Luke’s stuff. It’s an alcove just big enough to hold a circular marble table and two tall cushioned chairs. If the rest of our home is a Gymboree, this patch of paradise is the Four Seasons.

We carved out this island of adulthood a few weeks ago, buying the $200 marble table secondhand and plucking the marked-down chairs off the Internet for $150.

Spending $350 on ourselves might not sound like a big deal, but Luke’s goodies aren’t cheap, so most of our discretionary spending is earmarked for the little guy. My wife is a teacher and I’m a journalist. We’re in the early stages of our careers and must make rent while still chipping away at our student loans. In our world of limited sleep and vanishing funds, a vacation, dinner out, or even a night at the movies is a rare treat.

Yes, we could have used the dining set we already owned. But our old furniture felt as though it belonged to cohabitating grad students, not a married couple. My wife and I tied the knot a few months before Luke’s birth, so our friends and family look at us more as new parents than as newlyweds. That’s usually the way we see ourselves too. Marriage, though, requires as much attention and devotion as parenting. You can easily get lost in the wonder of watching your son explore the world around him and forget that less than a year ago you stood in front of the people you love and pledged to be with each other forever.

Now, after Luke falls asleep, Ali and I sit down in our new cream-colored chairs. We rest our glasses of wine on the table and talk about our day. And for a moment, it’s only us.

Taylor Tepper is a reporter at Money. His column on being a new dad, a millennial, and (pretty) broke appears weekly. More First-Time Dad:

MONEY Investing

Use This Trick to Beat Your Friends at Fantasy Football

Minnesota Vikings running back Adrian Peterson
Jeff Hanisch/USA Today Sports—Reuters

The start of the football season is close and fantasy football drafts have begun. Here's why thinking like a long-term investor can ruin your season.

Last November, one National Football League running back had a particularly good day.

Strong, agile, and quick, this player absolutely tore apart the Atlanta Falcons defense on Nov. 17 to the tune of 163 rushing yards and three touchdowns. Fantasy football owners fortunate to have him on their rosters were awarded almost 35 points from his performance alone—more than a third of the total usually needed to win a whole game.

So who was this guy? Future Hall of Famer Adrian Peterson? The Philadelphia Eagles buoyant halfback LeSean McCoy? Jim Brown? No, no, and of course not. He was an undrafted second-year player out of Western Kentucky named Bobby Rainey. Who, you ask? Exactly. On that same day Peterson himself, perhaps the greatest running back since Jim Brown, ran for 100 fewer yards than Rainey and never touched the end zone en route to a pedestrian 8.5 fantasy points.

It’s hard not to look for a lesson in this episode. And for someone like me, immersed in the investing world, the inclination is to draw a parallel to value investing, the discipline made famous by Warren Buffett. Value investing involves looking for companies that the market does not fully appreciate in hopes that, over time, they will outperform expectations and send the stocks soaring.

But as the fantasy football season gets under way, with millions of fans around the country drafting players over the next few weeks, I’m here to tell you that a Buffett-like approach to fantasy football probably won’t lead to glory.

Why not? Well, to start, value-focused buy-and-hold investing is all about ignoring short-term market fluctuations and sticking with your investment philosophy over the long-haul. Coca-Cola THE COCA COLA CO. KO 0.2162% has a bad quarter? Johnson & Johnson JOHNSON & JOHNSON JNJ 0.7576% delivered poor earnings-per-share growth? No matter. Value investors often see these rough patches as buying opportunities. And one of the foundational principles of value investing is that no investor can consistently predict exactly when to buy this stock or trade that one. When investors do engage in this perilous behavior, they generally end up losing money.

That ethos, however, falls flat when it comes to fantasy football. For one thing, there is no long-term in fantasy football. The season only lasts 17 weeks, which means you have only 17 chances to maximize your total scoring output. While one or two days of poor returns won’t hurt your portfolio, one or two weeks of fantasy football failure could ruin your season. Most leagues have around 10 teams, and, in order to make the playoffs, you’ll usually need seven wins. So if one of your players isn’t performing well, or hasn’t reached his full potential, you don’t have the time to wait.

In other words, don’t be scared to grab onto a hot player until he cools off. For instance, take another look at Peterson and Rainey. Going into the 2013 season, ESPN ranked Peterson the top fantasy football player to draft. Bobby Rainey is not Adrian Peterson. For his career, Rainey only has 566 rushing yards. Peterson has 10,115.

Nevertheless, Rainey was the superior running back over the last seven weeks of the 2013 NFL season. Using the NFL.com scoring system, Rainey earned 79.3 points from week 11 to 17, while Peterson (due in part to injury) only scored 54.8. Even if you take out Rainey’s career day against the Falcons, the two running backs scored pretty much the same number of points.

This isn’t an isolated example, either. Two weeks earlier, Nick Foles, who began the season as the Philadelphia Eagles second-string quarterback, threw for seven touchdowns and garnered 45.2 points for his fantasy owners. Foles would go on to accumulate a total of almost 260 points for the season (more than superstars Tom Brady, Ben Rothlisberger, and Matt Ryan) despite starting in only 11 of 16 games.

In fact, last season, 15 different players scored the most points in a given week (Peyton Manning and Drew Brees each did it twice). Of those 15 players, not one was listed in the top five on ESPN’s pre-season best fantasy football players list. Brady never scored the most points in any one week, for example, but Bears back-up quarterback Josh McCown did, in week 14.

In short, buying the football equivalent of Coca-Cola shares (one of Buffett’s most beloved and long-held stocks) and hanging on through thick and thin can be a losing game.

I learned this lesson the hard way, having drafted Buffalo Bill running back C.J. Spiller with my first pick last season. Ranked the 7th best player by ESPN going into last season, Spiller scored 3.5, 11.7, 3, and 7.7 over the first four weeks. Unwilling to give up on such a high pick, however, I kept him in my starting lineup for most of the season. I ended up in the bottom of my league and learned a valuable lesson in sunk cost theory.

Of course finding seven weeks of Rainey, or spotting the next Foles off the waiver wire, is difficult. Some up-and-comers are just flashes in the pan and will deliver worse returns than your first-round pick. But when this season’s Foles takes off, don’t be surprised. If you play fantasy football you must learn to embrace the shooting star—and if that star burns out, find another.

MONEY Food & Drink

The Market Says This Bag of Potato Chips Is Worth $49

Bag of potato chips
Fuat Kose—Getty Images

Some junk food is going for big bucks on the secondary market. How much would you shell out for your favorite snack?

Lay’s newest potato chip flavors, Bacon Mac & Cheese, Wasabi Ginger, Mango Salsa, and, yes, Cappuccino, hit stores today. These chips, which have already received myriad mixed reviews, are part of the company’s “Do Us a Flavor” contest. The winner will stick around, while the other three will eventually vanish from shelves.

If you can’t immediately track them down in your local store, however, don’t despair—just open a web browser. Last week, even before the chips officially went on sale, they were fairly easy to track down on the secondary market. On Friday, single bags were listed on eBay for a $11 a pop, plus $6 shipping (the suggested retail price is $4.29). Amazon also showed some options, including a four-pack of the Cappuccino chips for $24. And as the snacks become easier to find in retail stores, the rules of supply and demand should kick in, dropping prices.

Dig a little further into this snack food grey market, though, and you find plenty of options that won’t be popping up on shelves any time soon. One optimistic eBay seller lists a $49 bag of Lay’s Chicken & Waffles flavored chips, one of last year’s “Do Us a Flavor” contest runners-up, which has since been discontinued. You’ll also find other snack chip rarities, such as a $40 bag of Doritos Jacked Test Flavor 404, which one review described as tasting like “oniony vinegar” or “dry cat food,” and Pringles Pecan Pie, a seasonal special from the 2013 holidays, listed at $20.50 for two cans.

If chips aren’t your thing, you might be more interested in a $15 pack of Root Beer Float-flavored Oreos (a new variety that’s reportedly beginning to appear in stores), or $15 bottle of Coca-Cola Blak, a coffee-flavored cola put out of its misery way back in 2008. Marvin Nitta, editor of food review blog TheImpulsiveBuy.com, says that when the limited editon Lebron James Mix 6 Sprite soda came out earlier this year, he saw online sellers listing it for “four or five times the regular price.” (Currently, you can pick up a can on eBay for a cool $12.)

Eric Huang, who writes about snacks on his blog, Junkfoodguy.com, says he thinks the secondary snack food market is driven, in part, by companies’ recent attempts to try out more bold and attention-provoking flavors. Wacky flavors make the news, and adventurous eaters want to sample them, even if that means paying a premium. The fact that they’ll eventually vanish only makes them more enticing. In fact, Huang has his own “white whale”: a Doritos flavor called Wild White Nacho. He says he tried the chips once back in 2007, when they were briefly on the market as part of a contest, and “I’ve been searching ever since.”

International snacks are another thing that drive curious eaters to buy pre-owned junk food, says Huang. American foodies are understandably curious about foreign fare like Lay’s Lobster Hot Pot (3 bags for $25 on Amazon) or Canada’s uber-spicy Doritos Roulette (on eBay listed at $21 a bag).

There are some clear downsides to buying secondhand snacks. Between the mark-ups and shipping costs, you’ll pay more than you ever imagined for junk food. Many of the rarest discontinued products are well past their sell-by dates, though some food scientists say we shouldn’t get too worked up about that. There’s also the squashing and crumbling factor: Not surprisingly, many Amazon shoppers complained that their chips were nothing more than florescent orange dust by the time the snacks arrived on their doorsteps. Then there’s the unpredictability factor. Nitta recalls buying some fried chicken-flavor Doritos from a seller in Japan that were confiscated by customs because they contained an ingredient that’s illegal to bring into the country. Plus, he says, “in the back of my head, it makes me feel weird to buy food from some random person on the internet.”

If the groundswell of eaters chasing a product gets large enough, it can occasionally help put the items back on the market. Earlier this July Hostess announced the return of the Chocodile, a chocolate-covered Twinkie that was discontinued in the late 90s. In a statement, the company said the elusive snack had “inspired a black market following,” while NPR reported that the creme-filled sugar bombs have been listed on eBay for as much as $90 a box.

Still haven’t seen any flavor tempting enough to prompt you to buy some gently used junk food? Just wait: The winning submissions to “Do us a flavour,” the Canadian version of the Lay’s contest, will be announced in August.

MONEY Odd Spending

The High Cost of Being A Comic-Con Superfan

Night Elf at Comic-Con
Jessica's Night Elf Rogue outfit won an award at the 2012 San-Diego Comic-Con.

Some fans, known as cosplayers, construct elaborate costumes of their favorite comic characters. The results are amazing, but they don't come cheap.

On Thursday, the San Diego Comic-Con kicked off its 2014 edition. The annual four-day event has grown beyond comics into a geek-culture mecca, attracting fans of everything from superheroes and video games to mainstream network programming.

Of the thousands who descend every year on the San Diego convention center (at $45 a pop per session), most are just looking to meet other enthusiasts and see the latest on their favorite characters. But there’s a large number of fans who want to take their experience a little bit further—from liking a character to becoming it. They’re called cosplayers, enthusiasts who make costumes of their favorite fictional avatars. With costs that can run into the thousands of dollars, these costumes are an artistic and financial testament to the wearer’s love of a particular game or show.

Jessica Al-Khalifah is one of these superfans. She and a friend had gotten into the online role-playing game World of Warcraft and in the process grew attached their virtual avatars. Playing the game was fun, she thought, but what if they could actually be their in-game characters, if just for a day or two?

Lucky for Jessica, there was convention coming up nearby. “We decided we should make some outfits and see what it’s all like,” she says. “It turned out we weren’t so bad at it.”

“Not bad” is an understatement. Jessica’s creation, a Warcraft Night Elf outfit, took four months of on-and-off labor to assemble and involved learning a whole new trade in the process. “I just wanted to make it look really cool, so I said, ‘You know, I think I’ll learn how to leather work,’ ” she recalls. “I hurt my hand a million times.”

The finished product featured ornate leather-and-metal armor, as well as two gigantic painted scythes, and cost roughly $600 by the time she was done. The result was good enough to win her an award at the 2012 San-Diego Comic-Con, but it wasn’t even her most elaborate creation. Another costume, based around the Legend of the Seeker television show, included a leather bodysuit and fiberglass weapon that was electrically engineered to glow. The final materials bill for that one: $1,200.

That kind of price is especially common amongst contest winning outfits. Jen King, owner of Space Cadets Collection Collection, a Texas-based collectibles store, also won a an award at the San-Diego Comic-Con with a Galaxy Quest themed group costume. Jen’s Sarris (the giant green alien) attire cost $500 alone, and her whole group spend more than $4,000. This year, she flew back to Comic-Con to chase another title, this time with her husband and son in tow.

sarrisgroup
Jen King’s group costume cost over $4,000, but won Judge’s Choice at the San-Diego Comic-Con.

Luckily for enthusiasts, not all costumes need to break the bank. Lynn Chan and Sarah Bloom have been dressing up as their favorite characters for years, and tend to spend around $200 per outfit. If you’re careful about picking your subject, Lynn says costumes can be made for as low as $30 (sewing machine not included). That said, like any hobby, the costs do add up over time. When asked how much she had spent over her seven years of cosplay, Sarah couldn’t put a figure on it. “Oh god, I don’t even know,” she laughed. “Probably three to four grand?”

Screen Shot 2014-07-25 at 9.30.28 AM
Lynn Chan (left) and Sarah Bloom (right) spend about $200 per costume.

It’s a lot of money, but in the end, each designer says the effort is worth it for the feeling of accomplishment that comes with finishing a great costume. Jessica still remembers how she felt when she won the 2012 contest. Oh my gosh, that was awesome. It was so surreal,” she says. “All my hard work paid off.”

MONEY Millennials

10 Things Millennials Won’t Spend Money On

Young businessman with groceries and bicycle
Valentine—Getty Images/Fuse

By 2017, millennials will have more buying power than any other generation. But so far, they're not spending like their parents did.

Millennials are often maligned for their lack of financial literacy, but there is one money skill the younger generation has in spades: saving. After growing up during the Great Recession, millennials want to keep every cent they can. (If you don’t believe us, just check out this Reddit Frugal thread inspired by our recent post on millennial retirement super-saving.)

This generation may be way ahead of where their parents were at the same age when it comes to preparing for retirement, but the frugality doesn’t end there. Kids these days also aren’t making the same buying decisions our parents made. Here are 10 things that a disproportionate number of today’s young adults won’t shell out for.

1. Pay TV
The average American still consumes 71% of his or her media on television, but for people age 14-24, it’s only 46%—with the lion’s share being consumed on phone, tablet, or PC. Many young people aren’t getting a TV at all. Nielsen found that most “Zero-TV” households tended toward the younger set, with adults under 35 making up 44% of all television teetotalers.

Millennials aren’t the only ones tuning out the tube. In 2013, Nielsen reported aggregate TV watching time shrank for the first time in four years.

2. Investments
By all accounts, young people should be investing in equities. Those just entering the work force have plenty of time before retirement to ride out market blips, and experts recommend younger investors place 75% to 90% of their portfolio in stocks or stock funds.

Unfortunately, after growing up in the Great Recession, millennials would rather put their money in a sock drawer than on Wall Street. When Wells Fargo surveyed roughly 1,500 adults between 22 and 32 years of age, 52% stated they were “not very” or “not at all” confident in the stock market as a place to invest for retirement.

Of those surveyed, only 32% said they had the majority of their savings in stocks or mutual funds. (Too be fair, an equal number admitted to having no clue what they were invested in, so hopefully their trust fund advisors are making good decisions.)

3. Mass-Market Beer
Bud. Coors. Miller. When parents want a drink, they reach for the classics. Maybe a Heineken for a little extra adventure. Millennials? Not so much. When Generation Now (thank god that moniker didn’t catch on) wants to get boozy, the data says we prefer indie brews.

According to one recent study, 43% of millennials say craft beer tastes better than mainstream beers, while only 32% of baby boomers said the same. And 50% of millennials have consumed craft brew, versus 35% of the overall population. Even Pete Coors, CEO of guess-which-brand, blames pesky kids for his beer’s declining sales.

4. Cars
Back when the Beach Boys wrote Little Deuce Coupe in 1963, there was a whole genre called “Car Songs.” Nowadays you’d be hard pressed to find someone under 35 who knows what a “competition clutch with the four on the floor” even means.

The sad fact is that American car culture is dying a slow death. Yahoo Finance reports the percentage of 16-to-24-year-olds with a driver’s license has plummeted since 1997 and is now below 70% for the first time since Little Deuce Coupe’s release. According to the Atlantic, “In 2010, adults between the ages of 21 and 34 bought just 27 percent of all new vehicles sold in America, down from the peak of 38 percent in 1985.”

5. Homes
It’s not that millennials don’t want to own homes—nine in ten young people do—it’s that they can’t afford them. Harvard’s Joint Center for Housing Studies found that homeownership rate among adults younger than 35 fell by 12 percent between 2006 and 2011, and 2 million more were living with Mom and Dad.

It’s going to be a while before young people start purchasing homes again. The economic downturn set this generation’s finances back years, and reforms like the Dodd-Frank Act have made it even more difficult for the newly employed to get credit. Now that unemployment is decreasing, working millennials are still renting before they buy.

6. Bulk Warehouse Club Goods
This one initially sounds weird, but remember: millennials don’t own cars or homes. So a Costco membership doesn’t make much sense. It’s not easy to bring home a year’s supply of Nesquik and paper towels without a ride, and even if you take a bus, there’s no room to stash hoards of kitchen supplies in a studio apartment.

Responding to tepid millennial demand, the big box giant is trying to win over youngsters by partnering with Google to deliver certain items right to your home. However, even Costco doesn’t seem all that excited about its new strategy.

“Don’t expect us to go to everybody’s doorstep,” Richard Galanti, Costco’s chief financial officer, told Bloomberg Businessweek. “Delivering small quantities of stuff to homes is not free. Ultimately, somebody’s got to pay for it.”

7. Weddings
Getting hitched early in life used to be something of a rite of passage into adulthood. A full 65% of the Silent Generation married at age 18 to 32. Since then, though, Americans have been waiting longer and longer to tie the knot. Pew Research found 48% of boomers were married while in that age range, compared to 35% in Gen X. Millennials are bringing up the rear at just 26%.

Just like with homes, it’s not that today’s youth just hates wedding dresses—far from it. Sixty-nine percent of millennials told Pew they would like to marry, but many are waiting until they’re more financially stable before doing so.

8. Children
It’s hard to spend money on children if you don’t have any.

After weddings, you probably saw this one coming, but millennials’ procreation abstention isn’t only because they’re not married. Many just aren’t planning on having kids. In a 2012 study, fewer than half of millennials (42%) said they planned to have children. That’s down from 78% 20 years ago.

Stop me if you heard this one: it’s not that millennials don’t want children (or homes, or weddings, or ponies), it’s that this whole recession thing has really scared them off any big financial or life commitments. Most young people in the above study hoped to have kids one day, but didn’t think their economic stars would align to make it happen.

9. Health insurance
According the Kaiser Family Foundation, adults ages 18 to 34 made up 40% of the uninsured population in the pre-Obamacare world. Why don’t young people get health coverage? Because they’re probably not going to get sick. This demographic is so healthy that those in the health insurance game refer to them as “invincibles.”

Since the Affordable Care Act, more millennials are gradually buying insurance. Twenty-eight percent of Obamacare’s 8 million new enrollees were 18-34 year-olds. That’s well short of the 40% the Congressional Budget Office wanted in order to subsidize older Americans’ plans, but better than the paltry number of millennials who signed up before Zach Galifianakis got involved.

10. Anything you tell them to buy
When buying a product, older Americans tend to trust the advice of people they know. Sixty-six percent of boomers said the recommendations of friends and family members influences their purchasing decisions more than a stranger’s online review.

Most millennials, on the other hand, don’t want their parent’s or peer’s help. Fifty-one percent of young adults say they prefer product reviews from people they don’t know.

Related: 10 Things Americans Have Suddenly Stopped Buying

MONEY Leisure

7 Ways Buying Weed in Washington Is Not Going to Be a Party

waiting in line to purchase marijuana in Colorado
Line to purchase marijuana at the 3-D Denver Discrete Dispensary on January 1, 2014 in Denver, Colorado. Theo Stroomer—Getty Images

The era of legal marijuana sales kicks off in Washington today. We'd tell you to light up in celebration, but doing so may be harder than you think.

The basics of buying marijuana in Washington appear to be pretty simple: The state issued 24 licenses to stores on Monday, and sales are allowed to commence 24 hours later—so Tuesday—and anyone 21 and up and is allowed to buy. But when you dig down into the weeds, so to speak, of opening day for legal weed sales, things get a little hazy. Here are some of the hassles and headaches marijuana shop customers can expect early on.

Stores probably won’t open at normal times. Largely because of all the last-minute bureaucratic hoops Washington marijuana stores must jump through, many of the businesses awarded licenses to sell legally aren’t going to be ready to open their doors first thing in the morning on Tuesday. Top Shelf Cannabis in Bellingham is one of the few shops that’ll be ready for business early, with an opening hour of 8 a.m.

But that store is the exception. Most don’t seem to be in any kind of rush to open. “Know your audience: We’re talking stoners here,” the owner of Cannabis City in Seattle told the Associated Press. Accordingly, the store is expected to open around noon.

Some stores won’t open at all Tuesday. Instead of scrambling like lunatics to deal with all the necessary delivery details and paperwork, many weed stores are taking a more mellow approach and aren’t even trying to open Tuesday. For instance, Main Street Marijuana, in Vancouver, Wa., which anticipates terrific sales due to its proximity to the Oregon border and the hipster city of Portland, plans on having a ribbon-cutting ceremony on Wednesday at 11 a.m. With the mayor handling the scissors, of course. The Olympian reported that it was possible none of the three stores licenses in the South Sound would open on Tuesday. One, 420 Carpenter in Lacey, was planning on holding off until Friday to open.

The lines will be huge. This shouldn’t come as a surprise. It’s a historic happening, the supply is very limited, and people want to sample the goods and say, “I was there on Day One.” I mean, people waited outside for hours in the frigid cold in January in Colorado to buy pot when stores first opened there for chrissakes. By comparison, hanging out with a bunch of stoners on a summer day in Washington is a picnic.

You can only buy small amounts. Because of the shortage of marijuana, customers will be limited as to how much they’ll be allowed to buy on Tuesday, and likely for the near future. State law officially caps the amount you can buy and possess at one ounce (28 grams), but initially stores will probably cut off customers well below that amount to ensure as many customers as possible get to buy some product. “When the sign on the shop’s door says bud purchases will be limited to an eighth, have patience,” the Denver Post’s Cannabist blog warns Washingtonians, speaking from experience in Colorado. “When the budtender tells you about their one-edible limit, have patience. Soon enough you’ll be able to order your full ounce — or a six-pack of mix-and-match brownies and chocolate bars.”

It’ll be expensive. Because legal recreational pot is a novelty, and because of the very limited supply, prices for weed will be especially high at the beginning. Prices will start at $12 per gram, and go as high as $25 per gram. Down the road, prices should drop slowly, as they have in Colorado. According to FiveThirtyEight, as of this past spring, the price of recreational marijuana in Colorado was around $8 per gram, and the median price of medicinal marijuana was cheaper still, at just $5.60 per gram.

Stores will run out. Colorado pot shops were running low on weed almost immediately after sales became legal on New Year’s. By most accounts, Washington stores are less prepared for the rush of customers than their counterparts in Colorado were a few months ago. The supply of pot at stores in Washington is very limited, and will remain unable to match demand for quite some time, and as a result, stores will probably run out of weed early and often. “There may be outages from time to time,” Alison Holcomb, criminal justice director of the ACLU of Washington, told the Oregonian. “How long [stores] will be able to keep supply on the shelves is a really important question… It will be a little rough in the beginning.”

Cops will be everywhere. Buyers, beware. High Times reported that police will be staking out Washington pot shops, ready to bust people for driving while stoned, lighting up in public, or other infractions. Likewise, the Washington Liquor Control Board plans will be running sting operations to make sure that stores aren’t selling marijuana to underage customers. Washington authorities know the eyes of the world are upon the state, and they don’t want anything embarrassing or untoward to happen on their watch.

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