Today, there are 75.4 million millennials living in the United States, makingthese 18-34-year-olds America’s largest generation. Not surprisingly,young people also are taking over the workforce, with one in threeAmerican workers classifying themselves as a millennial, accordingto the Pew Research Center.
This trend willonly increase with time: It’s projected by the year 2050, there will be 79.2million millennials (aka Gen Y) living in the UnitedStates.
When it comes to planning for their financial future, this groupis facing some unique challenges. This generation came of ageduring the 2008 financial crisis and witnessed the economic falloutfrom the Great Recession, which is shaping their attitudes towardsaving.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
