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Members of this demographic cohort are known as Millennials because the oldest became adults around the turn of the millennium. Authors William Strauss and Neil Howe, known for creating the Strauss–Howe generational theory, are widely credited with naming the Millennials.
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Today’s young adults are much better educated than their grandparents, as the share of young adults with a bachelor’s degree or higher has steadily climbed since 1968. Among Millennials, around four-in-ten (39%) of those ages 25 to 37 have a bachelor’s degree or higher, compared with just 15% of the Silent Generation, roughly a quarter of Baby Boom...
Boomer women surged into the workforce as young adults, setting the stage for more Gen X and Millennial women to follow suit. In 1966, when Silent Generation women were ages 22 through 37, a majority (58%) were not participating in the labor force while 40% were employed. For Millennial women today, 72% are employed while just a quarter are not in ...
The financial well-being of Millennials is complicated. The individual earnings for young workers have remained mostly flat over the past 50 years. But this belies a notably large gap in earningsbetween Millennials who have a college education and those who don’t. Similarly, the household income trends for young adults markedly diverge by education...
Millennials, hit hard by the Great Recession, have been somewhat slower in forming their own households than previous generations. They’re more likely to live in their parents’ home and also more likely to be at home for longer stretches. In 2018, 15% of Millennials (ages 25 to 37) were living in their parents’ home. This is nearly double the share...
On the whole, Millennials are starting families later than their counterparts in prior generations. Just under half (46%) of Millennials ages 25 to 37 are married, a steep drop from the 83% of Silents who were married in 1968. The share of 25- to 37-year-olds who were married steadily dropped for each succeeding generation, from 67% of early Boomer...
Younger generations (Generation X, Millennials and Generation Z) now make up a clear majority of America’s voting-eligible population. As of November 2018, nearly six-in-ten adults eligible to vote (59%) were from one of these three generations, with Boomers and older generations making up the other 41%. However, young adults have historically been...
By 2019, Millennials are projected to number 73 million, overtaking Baby Boomers as the largest living adult generation. Although a greater number of births underlie the Baby Boom generation, Millennials will outnumber Boomers in part because immigration has been boosting their numbers. Millennials are also bringing more racial and ethnic diversity...
2 days ago · Comprising some 72 million individuals in the United States, millennials surpassed the baby boomers (those born between 1946 and 1964) to become the largest generation of adults in 2019. Millennials in the United States grew up during a period of relative stability and economic prosperity.
(1981-1996) Age range today is: 28 - 43. About Millennial. Millennials are one of the most talked-about social generations in the United States. The Baby Boomer Generation, born after a significant increase in babies born after World War II, has always been influential because of its size.
Mar 1, 2017 · Most notably, the millennial generation, now 44 percent minority, is the most diverse adult generation in American history. While its lasting legacy is yet to be determined, this generation is...
Jan 17, 2019 · Turning 38 this year, the oldest Millennials are well into adulthood, and they first entered adulthood before today’s youngest adults were born. In order to keep the Millennial generation analytically meaningful, and to begin looking at what might be unique about the next cohort, Pew Research Center decided a year ago to use 1996 as the last ...
Apr 28, 2020 · Millennials have surpassed Baby Boomers as the nation’s largest living adult generation, according to population estimates from the U.S. Census Bureau. As of July 1, 2019 (the latest date for which population estimates are available), Millennials, whom we define as ages 23 to 38 in 2019, numbered 72.1 million, and Boomers (ages 55 to 73 ...
