A new understanding of Millennials: Generational differences reexamined
October 19, 2015
Dig into the numbers to investigate similarities and differences in economic behavior across the generations in the United States.
Millennials and higher education
The proportion of Millennials choosing Science, Technology, Engineering, and Math (STEM) majors has not increased over prior generations, in spite of years of rhetoric about the importance of STEM.
Millenials and student loans
Millennials are more burdened with student loan debt than prior generations.
Millennials, housing, and home ownership
The Great Recession of 2007 has made it more challenging for some Millennials to purchase a home.
Millennials and debt
Millennials over time have shown less willingness to take on debt than their predecessors.
Millennials and vehicle ownership
Millennial rates of vehicle ownership resemble those of prior generations. Vehicle ownership dipped during the Great Recession but has been climbing since 2010.
Millenials and workplace turnover
Conventional wisdom says Millennials hop from job to job, but the data show otherwise: Millennial turnover rates are at or below rates for other generations, and are largely driven by age and the business cycle.
Millenials and workplace pride
Younger workers’ loyalty towards their employers appears unchanged since 2002, challenging the conventional wisdom that Millennials are less engaged.