SoylentNews

n1 [soylentnews.org] writes:

Millennials have surpassed Baby Boomers as the nation’s largest living generation, according to population estimates released this month by the U.S. Census Bureau. Millennials, whom we define as those ages 18-34 in 2015, now number 75.4 million, surpassing the 74.9 million Baby Boomers (ages 51-69). And Generation X (ages 35-50 in 2015) is projected to pass the Boomers in population by 2028.

The Millennial generation continues to grow as young immigrants expand its ranks. Boomers – whose generation was defined by the boom in U.S. births following World War II – are older and their numbers shrinking as the number of deaths among them exceeds the number of older immigrants arriving in the country.

Source: Pew Research [pewresearch.org]

Millennials in New York City earn about 20% less than the previous generation of young workers and are likely to struggle for years from the effects of the late-2000s recession, according to a report from city Comptroller Scott Stringer.

Source: WSJ [wsj.com] [paywall]

Another point worth mentioning in the article is that nationwide, the percentage of millennials living independently (read: not in their parents house) has fallen from 51% in 2007, to just 45% in 2014.

In summary, people from 18-34 are going to college, getting into debt, entering into the workforce at minimum wage, and living with their parents. The very definition of the American dream isn't it?

[...] The economy is weak, the only jobs being created are primarily waiter and bartender jobs, and the fed is fueling a enormous student loan credit bubble. Now, courtesy of years of mismanaged policies and incompetence, millennials have do face the consequences directly.

Source: ZeroHedge [zerohedge.com]

Original Submission