The older part of Generation Y (often referred to as being “Millennials”) are rapidly approaching their thirties. This demographic is loosely defined as being those born in the 1980s right up until the early 2000s.
This generation is perhaps the one that has been arguably most effected by the worst global recession since World War II, with limited job prospects for graduates meaning that many of them have had difficulty getting their career off the ground during their twenties. It has often also had an impact on their ability to get married and move out of the family home, with some commentators referring to them as the “Peter Pan” generation.
Millennials are likely to be a driving force in the economic recovery over the next few years. As the first generation to have grown up with digital technology they generally have a better understanding than their older peers of how to integrate new tech into their working life and this can help them get an edge in today’s online world.
Today’s infographic presents a lot of information about the average 27 year old in the United States. This generation has the highest number of people in history that have attended Higher Education and as a result many still have a large amount of debt in the form of student loans that they struggle to pay back in their low paying jobs.
It will be interesting to see how many of this generation turn to entrepreneurship in the coming decade. Are you a Millennial who will be starting their own business soon? Tell us about it in the comments section.
