These statistics are not meant to scare anyone. They are here to help us understand our Millennials. The Millennial generation was born after 1980 and is currently 18 to 31 years old. All of the following information comes from articles in newspapers, magazines, and on the internet.
* Adolescence actually lasts until the early to mid 20s.
*The average marriage age for women in 1970 was 20.8 years; in 2010 was 28.2 years.
*The class of 2009 had the highest annual unemployment rate on record for college graduates ages 20-24, almost 9%, an increase from 5.8% in 2008.
*A May 2013 study showed overall unemployment rate for recent college graduates was 7.9%. Half of all recent grads are working jobs that don't require a degree. Youth unemployment and underemployment among college graduates was approximately 44%.
*April 2012 - 53.6% of bachelor degree holders under 25 were jobless or underemployed (highest jobless rate in at least 11 years). April 2013 - above 40% of college graduates are unemployed and 16% are in part-time positions.
*April 2013 - 34% had student loans of $30,000 or less. 17% owed between $30,000 and $50,000. The Guardian is now labeling the American Dream as the American Debt.
*A recent Huffington Post article reports that 85% of new college graduates move back home and 13% of adult children age 18-29 return home after attempting to live on their own.
*In 2012, 36% of Millenials live with their parents. This is the highest percentage in at least 40 years. That translates to 21.6 million adult children living with their parents.
*Pew Research reports that 13% of parents with grown children say one of their grown children is still living at home.
I didn't find statistics on those who do not attend college. Some of the stats above include both college-goers and non college-goers. I did find a quote that sums up the whole thing,
"Millenials is the most educated generation in American history and most probably in the world. Yet, they are the least employed." -Ahmed Median
No comments:
Post a Comment