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The biggest long-term story in the US economy is the generational divide between Baby Boomers and millennials. The Boomers, born in the wake of World War II with birth dates spanning roughly 1946 ...
Because the Baby Boomers came of age during a time of reliable contraception and legal abortion, their children—the Millennials—were wanted and planned. Boomers typically had fewer children than previous cohorts and invested more in each child. By the 1980s and 1990s, parenting in the United States had become more competitive. [165]
A 2016 survey by Barna and Impact 360 Institute on about 1,500 Americans aged 13 and up suggests that the proportion of atheists and agnostics was 21% among Generation Z, 15% for millennials, 13% for Generation X, and 9% for Baby Boomers. 59% of Generation Z were Christians (including Catholics), as were 65% for the millennials, 65% for ...
Not all millennials are worse off than baby boomers, ... the median millennial had 30% lower wealth than the median boomer at that age ($48,000 vs. $63,100). Career: Boomers were more likely to ...
After adjusting for inflation, the median household income of Millennials exceeded those of Generation X and the Baby Boomers when they were at the same age. In terms of wealth (assets minus debts), student loan debt was a major problem for Millennials, however, though those with four-year degrees were out-earning their peers without higher ...
From there, the midpoint birth year of each generation was used for comparison: 1955 for baby boomers, 1972 for Generation X, 1988 for millennials and 2004 for Generation Z.
Here's the hard truth: millennials earn 20% less than baby boomers at the same stage of life. Specifically, median earnings for people aged 18 to 34 are lower than they were in the 1980s.
The generations dominating the workforce in 2024 are baby boomers, Generation X, millennials and Generation Z. The coming decades will see further changes with emergence of newer generations, and slower removal of older generations from organisations as pension age is pushed out.