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Authors William Strauss and Neil Howe, who created the Strauss–Howe generational theory, coined the term 'millennial' in 1987. [15] [16] because the oldest members of this demographic cohort came of age at around the turn of the third millennium A.D. [17] They wrote about the cohort in their books Generations: The History of America's Future, 1584 to 2069 (1991) [18] and Millennials Rising ...
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In fact, millennials’ household formations are expected to grow through at least the end of the decade, the economist and analyst write, citing data from the U.S. Census Bureau.
This generation, making up about 7% of the population in 2022, according to the U.S. Census, has often been described as pragmatic and cautious in their approaches to personal finance. Baby Boomers
The biggest long-term story in the US economy is the generational divide between Baby Boomers and millennials. The Boomers, born in the wake of World War II with birth dates spanning roughly 1946 ...
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.
In 1980, 4 out of 5 employees got health insurance through their jobs. Now, just over half of them do. Millennials can stay on our parents’ plans until we turn 26. But the cohort right afterward, 26- to 34-year-olds, has the highest uninsured rate in the country and millennials—alarmingly—have more collective medical debt than the boomers.