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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.
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.
Millennials are more likely than Gen Xers and baby boomers to have a college degree, and, despite the stereotype, they're wealthier than prior generations were at the same age. Life expectancies ...
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 ...
The unemployment rate peaked at 10% in 2009, leaving many millennials hopping around the job market, ending up in jobs they didn’t want or with a gap on their résumé as they waited to find the ...
Millennials are delaying all kinds of milestones, including buying homes and having kids, thanks to high housing costs and inflation, which also limits their ability to spend carelessly on a ...
The report described Millennials Rising as a "good-news revolution" making "sweeping predictions" and describing Millennials as "rule followers who were engaged, optimistic, and downright pleasant", commenting the "book gave educators and tens of millions of parents, a warm feeling, saying who wouldn't want to hear that their kids are special?" [8]
The Piere survey revealed that 59% of millennials have considered postponing major life events, such as weddings, home purchases, or starting families, due to financial challenges.