Five Important Facts About Millennials

1.  The time period in which millennials were born differs depending on where you look; however, according to the White House in a report entitled “15 Economic Facts About Millennials,” millennials are “the cohort of Americans born between 1980 and the mid-2000s.”

2. In June 2015, the U.S. Census Bureau said millennials “now number 83.1 million and represent more than one quarter of the nation’s population.” The Census Bureau adds, “Overall, millennials are more diverse than the generations that preceded them, with 44.2 percent being part of a minority race or ethnic group.”

3. Millennials are more burdened by financial hardships than previous generations, but they’re optimistic about the future (Pew Research Center, “6 new findings about Millennials”).

4. In Pew Research’s survey, “Millennials in Adulthood,” it is said that “Despite their financial burdens, millennials are the nation’s most stubborn economic optimists. More than eight-in-ten say they either currently have enough money to lead the lives they want (32%) or expect to in the future (53%).”

5. Millennials are also the first in the modern era to have higher levels of student loan debt, poverty and unemployment, and lower levels of wealth and personal income than their two immediate predecessor generations (Gen Xers and Boomers) had at the same stage of their life cycles (Pew Research Center, “Millennials in Adulthood”).

Compiled by Alicia Green

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Alicia Green graduated Point Park University with a degree in journalism in Spring 2016. She aspires to work for a local or national newspaper, based in New York City.