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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 ...
United States birth rate (births per 1000 population). [1] The US Census Bureau defines baby boomers as those born between mid-1946 and mid-1964 (shown in red). [2]The middle of the 20th century was marked by a significant and persistent increase in fertility rates in many countries, especially in the Western world.
[15] [104] For example, Hoover cited the case of Millennials, writing in 2009 that "commentators have tended to slap the Millennial label on white, affluent teenagers who accomplish great things as they grow up in the suburbs, who confront anxiety when applying to super-selective colleges, and who multitask with ease as their helicopter parents ...
But millennials face a challenging economy that makes it difficult for them to afford a traditional midlife crisis, Mason Farmani, a personal life coach at Farmani Coaching, tells Fortune.
In the U.S., 60% of millennials say they would wave goodbye to the traditional American dream of hard work and big salaries, opting to exchange a chunk of their income for a slower-paced life.
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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.
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.