About $1.46 trillion in student loan debt has many millennials, as well as others, hiding their wallets and putting big ticket commitments on the back burner.¶¶Plain and simple, many young consumers just aren’t ready to consume. And many sure don’t want to shop until they drop like their parents. ¶¶”This is really a pervasive trend and it will not be reversed any time soon,” said Richard Curtin, director of the University of Michigan Survey of Consumers.