A Closer Look

Millennial in US – Some facts are true, others …

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1. Millennials have been hit hard by the recession.

Historically, 16- to 24-year-olds have always had higher unemployment than their older cohorts, but unemployment for younger millennials has skyrocketed since the financial crisis and is only slowly returning to normal

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2. Millennials are less likely to be looking for work.

Labor force participation has been flat or dropping for teenagers and young adults for a while, with millennials less likely to be in the labor force than teenagers and young adults of past generations.

3. Millennials have less spending power than older generations…

4. Millennials are starting to age into their prime spending years…

5. Millennials are much less likely to get married in their 20s than older generations were…

6. Millennials are less likely to form households in their 20s and early 30s…

7. Millennials are more health-conscious than older generations…

8. Millennials really like athletic brands…

9. Millennials are fans of specialty grocery stores…

10. Millennials drink alcohol more frequently than 20-somethings have in the past…

via Millennial Facts – Business Insider.

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