November 30, 2018 By Chriss Street
Republicans lost control of the House of Representatives this year due to a big jump in liberal Millennials moving to the suburbs to buy houses, start families, and begin the transition into conservatives. The latest Ernst &Young LLP, Research regarding the changing preferences for the Millennial age group of 18 to 34 for the period from June 2016 to June 2018, found the percentage of older Millennials between the ages of 28 to 31 that owned a home spiked from 27 to 47 percent, and the percentage of younger Millennials between the ages of 20 and 23 that lived with their parents plunged from 63 to 36 percent.
Despite Millennials increasingly holding full-time jobs and the percentage feeling positive about the economy spiking from 28 percent in 2016 to 41 percent in 2018, only one-third believe their standard of living will be better than their parents in the long term.
A major reason for Millennial angst about the future is that 50 percent are paying off or plan to take out student loans. About 80 percent say student debt has forced them to delay home ownership. This burden may explain why Millennials’ median age for a first marriage has jumped by seven years since 1960 to 27.4 for women and 29.5 for men. As of result, only 38 percent of Millennials versus 50 percent of U.S. adults are now married............To Read More.....
Republicans lost control of the House of Representatives this year due to a big jump in liberal Millennials moving to the suburbs to buy houses, start families, and begin the transition into conservatives. The latest Ernst &Young LLP, Research regarding the changing preferences for the Millennial age group of 18 to 34 for the period from June 2016 to June 2018, found the percentage of older Millennials between the ages of 28 to 31 that owned a home spiked from 27 to 47 percent, and the percentage of younger Millennials between the ages of 20 and 23 that lived with their parents plunged from 63 to 36 percent.
Despite Millennials increasingly holding full-time jobs and the percentage feeling positive about the economy spiking from 28 percent in 2016 to 41 percent in 2018, only one-third believe their standard of living will be better than their parents in the long term.
A major reason for Millennial angst about the future is that 50 percent are paying off or plan to take out student loans. About 80 percent say student debt has forced them to delay home ownership. This burden may explain why Millennials’ median age for a first marriage has jumped by seven years since 1960 to 27.4 for women and 29.5 for men. As of result, only 38 percent of Millennials versus 50 percent of U.S. adults are now married............To Read More.....
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