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Previously, Bank of America strategists wrote that baby boomers won the housing market and millennials got screwed: Boomers benefited from a massive wealth transfer from the public to private ...
These happen to be the millennials born in 1990 and 1991, which the New York Times’ Jenna Smialek deems “peak millennials” (for the purpose of this article, we’re expanding the name of ...
Older Millennials entered the job market just as Corporate America was coming off its hinges in the worst downturn since the Great Depression. The 2008-2009 recession made entry-level jobs scarce.
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 ...
According to a 2019 CBS News poll on 2,143 U.S. residents, 72% of Americans 18 to 44 years of age—Generations X, Y (millennials), and Z—believed that it is a matter of personal responsibility to tackle climate change while 61% of older Americans did the same.
Millennial homeowners are more likely to be in the suburbs than the cities. This trend will likely continue as more and more millennials purchase a home. 2019 was the fourth year in a row where the number of millennials living in the major American cities declined measurably. [89] Exurbs are increasingly popular among millennials, too.
Most (65%) millennials and Gen Zers are concerned about baby boomers’ influence on their financial future, according to a new survey by OnePoll on behalf of National Debt Relief that polled ...
Despite the acres of news pages dedicated to the narrative that millennials refuse to grow up, there are twice as many young people like Tyrone—living on their own and earning less than $30,000 per year—as there are millennials living with their parents. The crisis of our generation cannot be separated from the crisis of affordable housing.