Most millennials cannot afford it, but many of their parents can.
You should see the cars kids drove at my high school (10 years ago), 40+k BMW's etc.
I however, used that as motivation, got an engineering degree, bought a house in 2013 (in the bay area
) and finally got a jeep i've always wanted - all in my 20's
No, i don't love my work, but it allows me to do things i do love - Diving, snowboarding, etc.