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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 ...
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
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.
The United States Library of Congress and Statistics Canada have cited Pew's definition of 1997–2012 for Generation Z. [51] [52] In a 2022 report, the U.S. Census designates Generation Z as those born from 1997 to 2013. [54] Generation Zers experienced the onset and effects of the COVID-19 pandemic as children or young adults. [57]
Millennials and homebuying statistics. Millennials were the largest generation of homebuyers in 2023, at 38%. ... mounting as high as 43 percent in 2022, according to NAR. (That declined to 38 ...
Millennials have had a number of economic factors working against them over the years. During the Great Recession (2007-2009), many millennials were in their 20s, facing high unemployment, stalled ...
For millennials, this is the second major economic downturn in their adult lives so far. [51] However, by early 2022, as the pandemic waned, workers aged 25 to 64 were returning to the work force at a steady pace.
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.