Not exact matches
A recent report by Morgan Stanley shows that
millennials are spending more on expenses like rent, cellphones, and personal services
than young people a
decade ago.
Smith started Vice as a print magazine with Suroosh Alvi and Gavin McInnes in Montreal more
than two
decades ago; with Smith at the helm as CEO, it's now a multi-platform content mill with a reported audience of between 250 million and 300 million people a month, many of them members of Generation Y. Smith made his money by convincing an older generation that Vice knows
millennials better
than they could ever hope to, and that pitch has worked: Rupert Murdoch's 21st Century Fox paid US$ 70 million for a 5 % stake of Vice in 2013, and Rogers Communications (which owns Canadian Business) inked a $ 100 million partnership.
And while this is true in some cases, remember that
millennials were born between 1980 and 2000 — meaning the oldest
millennials have been in the professional world for more
than a
decade.
A striking 46 percent of renters ages 25 to 34 — the core of the
millennial population — spend more
than 30 percent of their incomes on rent, up from 40 percent a
decade earlier, according to a report by Harvard University's Joint Center of Housing Studies.
Yet,
millennials are holding more cash
than prior generations, despite the past
decade of unprecedented stock market growth.
The demographics are also changing: more
than 400 million
millennials have emerged as a driving force in consumer spending, while the country's aging population — expected to double over the next two
decades — will generate new product and services demands.
Over the last
decade, the number of mentions of the
millennial generation on quarterly corporate earnings calls has jumped from just one in all of 2007 to more
than 100 in the most recent earnings season alone, according to Thomson Reuters data.
«In less
than a
decade, one in every two people in the world's workforce will be a
millennial.
With the exception of the Midwest,
millennials in most metros will need more
than a
decade to save enough for a 20 % down payment.
Millennials face a housing market where rent and home prices have risen faster
than incomes for
decades.
Perhaps reflecting the fact that college tuition has risen sharply over the
decades,
Millennials (66 %) and Gen Xers (59 %) are more likely
than Boomers (43 %) to have taken out loans to pay for their education.
Millennials in 12 of the metros above need more
than a
decade to save enough for a home.
For some, if it's been less
than a
decade — it may be getting close to that, if not longer, for
millennials in their 20s and 30s who are struggling with some form of sexual addiction, whether male or female (it is definitely not just a guy thing).
Via InStyle.com How do you look
millennial in more
than thrice a
decade old style?
For more
than a
decade, cities throughout America have seen a resurgence of
millennials and young professionals opting to live in urban areas rather
than the suburbs, as was common with previous generations.
The bailout would take place over a
decade and Stein claims this will help boost the economy because rather
than millennials putting their money toward their debt, they can use that money to help stimulate the economy.
The educational focus on self - esteem in recent
decades, along with «hover - parenting» practices, has left
Millennials with an expectation of frequent feedback, less willingness to participate in work that is not meaningful to them and a practical approach to work that is focused more on the results they achieve rather
than where they are achieved.
The
millennials, the younger, current generation (and younger
than I by several
decades) are extremely techno - savvy and excited and eager to experience the great advantages that new technology affords them.
And with trillions of dollars changing hands to the
millennials in the next
decade or two from inherited wealth alone, I think homeownership will be even higher in this group
than for earlier generations.»
In fact, at last count, 4 in 10 American
Millennials now live in their parents» home, the highest rate in 75 years and 10 % higher
than a
decade ago.
As the economy improved and as
Millennials continue to age, earn more, and start their own families, that dismal figure has rebounded to the current 35.3 %, but it is still near 10 percentage points lower
than a
decade ago.
As the economy improved and as
Millennials continue to age, earn more, and start their own families, that dismal figure has rebounded to the current 35.3 %, but it is still near 10 percent points lower
than a
decade ago.