Millennials (the generation I was born into), are considered to be anyone born between 1982 and 2000 (ages 17 to 35).
According to The Motely Fool (www.fool.com), here are some surprising facts about this generation:
1. The millennial generation is made of 92 million people
This makes the millennials the biggest generation in U.S. history. In comparison, the baby-boomer generation has about 77 million people. What’s more, millennials make up nearly half of the current U.S. workforce.
2. Millennials are earning 20% less than their parents did
I delayed marriage until I had a stable job and we didn’t buy a house until we were married for over a year. The average worker in the 24-36 age group earns $10,000 less than their parents’ generation did at the same age, which is roughly 20% less purchasing power. Meanwhile, the average student debt for a millennial is double that of the previous generation.
3. Millennials value experiences over ownership
According to Eventbrite, 78% of millennials would rather spend money on a desirable experience than on a physical product that they want. I truly appreciate the value of free time and want to experience my life outside of work in a meaningful way- such as traveling or mountain biking!
4. Millennials don’t like traditional work environments
82% percent of millennials say that they would be more loyal to their employers if they had flexible work options, such as the ability to work remotely, according to a FlexJobs Report. I know I am far more productive working from home!