We'll see if the Millennial generation continues to be this irreligious when they hit their prime childbearing years and start having to wrangle with religious education or the lack thereof of their kids. Traditionally, having children increased the religiosity of demographic groups.
This trend isn't unexpected, but the speed of it is. I was expecting "None" to place in the high teens by the next Pew survey, not 23%.
EDIT: Thought: maybe the speed with which None is raising also has to do with increased comfort among lapsed/non-practicing people to embrace the None label rather than continuing to identify with a birth religion they don't practice anymore.
Millennials can barely afford to have children at all, let alone send them to private religious schools.
He's talking about things like Sunday school, not religious private schools.