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In fact, millennials have benefited the least from the economic recovery following the Great Recession, as average incomes for this generation have fallen at twice the general adult population's total drop and are likely to be on a path toward lower incomes for at least another decade.
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 ...
Millennials in the United States demonstrate increasing skepticism towards capitalism, with a preference for socialism seen in younger segments of the demographic. Canadian millennials played a crucial role in the election of Justin Trudeau, driven by social and economic liberal values.
Namely, millennials and Generation Z have lived through the Great Recession, followed by an incredible 10-year bull market, then an unprecedented global pandemic and historic inflation.
If you’re a millennial, it probably won’t shock you to learn the average salary of a millennial today is an estimated 20% lower than that of a baby boomer.
The Big Quit continues on in 2023 as people leave their jobs in record numbers. In the latest report from the U.S. Bureau of Labor Statistics (BLS), 4.2 million employees left their jobs in ...
Demographic economics or population economics is the application of economic analysis to demography, the study of human populations, including size, growth, density, distribution, and vital statistics.
Forty percent of millennial workers think they’ll need more than $1 million to retire comfortably, according to Bankrate’s 2024 Retirement Savings Survey. Becoming a millionaire through ...