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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.
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 ...
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.
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 2022, over 103,000 Millennials moved into Austin, where they now constitute just over 40% of the city's total population, according to SmartAsset. Report: ...