View Single Post
  #3  
Old 05-23-2018, 11:43 AM
Amanah's Avatar
Amanah Amanah is offline
Covenant Apostolic


 
Join Date: Jul 2011
Location: Sebastian, FL
Posts: 8,754
Re: 30-Year Old Ordered to Vacate Parent's Home

There are more Millennials then any other age group, and more people are living in multigenerational families.

*****

Millennials are projected to outnumber Baby Boomers next year. Numbering 71 million in 2016, Millennials in the United States are approaching Baby Boomers (74 million) in population and are projected to surpass them as the nation’s largest living adult generation in 2019. The Millennial generation, defined as Americans born from 1981 to 1996, corresponds to adults ages 22 to 37 in 2018.

Millennials are already the largest generation in the U.S. labor force, making up 35% of the total. (They surpassed Generation X in 2016.) Although Boomers formed the majority of the labor force in the early and mid-1980s, they made up just 25% of the total in 2017, as many older members of this generation reached retirement age.

In the political arena, the number of Millennials who are eligible to vote in the U.S. is approaching that of Boomers. As of November 2016, Millennials formed 27% of the voting-eligible population, while Boomers made up 31%. However, turnout rates in the 2016 election were lower for Millennials than Boomers (51% vs. 69%), meaning that Millennials accounted for a lower share of votes cast than their proportion of the electorate.

A record number of Americans live in multigenerational households, part of a broader trend toward more shared living. In 2016, a record 64 million people, or 20% of the U.S. population, lived with multiple generations under one roof, even with improvements in the U.S. economy since the Great Recession. Multigenerational family living is growing among nearly all U.S. racial groups, Hispanics, most age groups and both men and women. In recent years, young adults have edged out older Americans as the most likely age group to live in a multigenerational household, which we define as a household with two or more adult generations, or including grandparents and grandchildren younger than 25.

Meanwhile, 78.6 million adults, or about 32% of the U.S. adult population, were part of a shared household in 2017, reflecting another increasingly common living arrangement. A shared household is a household with at least one adult who is not the household head, the spouse or unmarried partner of the head, or an 18- to 24-year-old student. (Most multigenerational households are also shared households.)


http://www.pewresearch.org/fact-tank...world-in-2018/
__________________
The love of learning, sequestered nooks,
All the sweet serenity of books.
~Henry Wadsworth Longfellow
Reply With Quote