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Millennials, also known as Generation Y or Gen Y, are the demographic cohort following Generation X and preceding Generation Z.Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years, with the generation typically being defined as people born from 1981 to 1996.
Millennials are sometimes called echo boomers, due to them often being the offspring of the baby boomers, the significant increase in birth rates from the early 1980s to mid-1990s, and their generation's large size relative to that of boomers.
Xennials is a portmanteau blending the words Generation X and Millennials to describe a "micro-generation" [5] [6] or "cross-over generation" [7] of people whose birth years are between the mid-late 1970s and the early-mid 1980s.
Defining Baby Boomers vs. Generation X vs. Millennials vs. Generation Z. ... Those years in the 1970s and early 1980s — with inflation running rampant and the energy crisis hampering growth ...
Too many millennials chasing too few homes leads to housing market inflation. ... first coined by the economist John Quigley in the early 1980s, when mortgage rates reached 18%.
In the late 1970s and early 1980s, demographics helped sustain the housing market even amid stubborn inflation and aggressive interest rate hikes from then–Federal Reserve Chairman Paul Volcker.
Pew Research described millennials as playing a significant role in the election of Barack Obama as President of the United States. Millennials were between 12 and 27 during the 2008 U.S. presidential election. [28] That year, the number of voters aged 18 to 29 who chose the Democratic candidate was 66%, a record since 1980.
Millennials, born between 1981 and 1996, have fared better. The millennial generation is in a stronger financial position now than Gen X was at the same age, according to a new LendingTree analysis .