A new understanding of Millennials: Generational differences reexamined has been saved
Dig into the numbers to investigate similarities and differences in economic behavior across the generations in the United States.
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.
Source: National Center for Education Statistics, Digest of Education Statistics
Millennials are more burdened with student loan debt than prior generations.
Source: National Center for Education Statistics, Digest of Education Statistics
The Great Recession of 2007 has made it more challenging for some Millennials to purchase a home.
Source: Survey of Consumer Finances
Millennials over time have shown less willingness to take on debt than their predecessors.
Source: Survey of Consumer Finance
Millennial rates of vehicle ownership resemble those of prior generations. Vehicle ownership dipped during the Great Recession but has been climbing since 2010.
Source: Survey of Consumer Finance
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.
Source: US Census Bureau Quarterly Workforce Indicators
Younger workers’ loyalty towards their employers appears unchanged since 2002, challenging the conventional wisdom that Millennials are less engaged.
Source: NORC General Social Survey, 1972-2014