Indeed, terms like “preference” and “choice” still dominate media coverage of millennials. But if anything holds this tenuously defined generation together, it is a lack of options. Americans who have lived much of their adult lives in the aftermath of the Great Recession have lower incomes, less mobility, and greater financial dependence on older relatives than any other generation in modern history. Many millennials do not have a lot of choice. They are merely reacting to lost opportunity.