Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation and tend to carry larger amounts of other kinds of debt.
Pew Research Center's Paul Taylor appeared on "The Daily Show" Monday night to discuss his new book, The Next America: Boomers, Millennials, and the Looming Generational Showdown.
Racially diverse, economically stressed and politically liberal, Millennials are building their own networks through social media – rather than through political parties, organized religion or marriage. Half now call themselves political independents, the highest share of any generation.
A new Pew Research Center survey finds that 55% of those ages 25 to 32 have posted a “selfie” on a social media site; no other generation is nearly as inclined to do this.
Millennial women are starting their work lives at near wage parity with young men – earning 93 cents per hour for every dollar a Millennial man makes, giving them the narrowest gender wage gap on record. But when they look ahead they see roadblocks to their success.
A record number of Millennials—young adults ages 18 to 31—were living in their parents’ home in 2012 due to a combination of economic, educational and cultural factors.
Young adults have shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars and paring credit card balances.
The record generation gap evident in the last two presidential elections is echoed by large differences by age in attitudes about the tradeoff between reducing the federal deficit and preserving entitlements for older adults.
In 2012, for the first time ever, one-third of the nation's 25 to 29-year-olds have completed at least a bachelor's degree. College completion is also now at record levels among key demographic groups.
Large majorities of young adults ages 25 to 34 who are living at home with parents say they're satisfied with that arrangement and upbeat about their future finances.