Generation Y Trivia: 10 facts about Millennials!

A millennial a person reaching young adulthood in the early 21st century. Millennials are sometimes referred to as “Echo Boomers” due to a major surge in birth rates in the 1980s and 1990s, and because Millennials are often the children of the Baby boomers. Check out some really interesting facts!!

1. Millennials are earning 20 percent less than their parents did. According to a study from the Young Invincibles. Young adult workers (ages 24 to 36) today earn a median income of $40,581.

2. Despite their increased debt, millennials are well-educated on the benefits of retirement savings and they are saving at the same rate as their parents

3. Gen X music fans are more likely to attend live shows than millennials.

4. A third of U.S. adults 18 to 34 live at home with their parents.

5. Despite the steady uptick of freelancers in the U.S.—the latest estimate is at around 55 million—millennials aren’t entirely sold on this lifestyle

6. Millennials have overtaken Gen X-ers as America’s largest demographic in the workforce.

7. Counter to the stereotype that millennials are self-centered, they arguably represent the most charitable generation.
A recent survey found that 84 percent of millennials make annual charitable donations and 70 percent volunteer their time and talents to the causes they care most about.

8.Some experts say millennials could be the most nostalgic generation ever, though that claim is difficult to measure

9. Though millennials grew up with the internet, it seems as though they are better at unplugging than the generation that preceded them.

10. There are 22 million millennial parents in the U.S. and they approach parenting differently than previous generations.