How Millennials Are Faring Compared To Previous Generations

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April 26, 2017

In many ways, Millennials are much different than older generations, such as Gen Xers and Baby Boomers. But in other ways, the young adults of today get a bad reputation.

Trulia examined homeownership, employment, and income rates for people between the ages of 28 and 32, and compared the figures to older adults at various times over the last 55 years.

The site found that Millennials are just as likely to live with their parents as Gen Xers were in 1999, and that young adult Baby Boomers were more likely to live with their parents back in 1982. Recessions were found to hurt all generations equally when they were young.

The homeownership gap between adults age 28 to 32 and working age adults 33 and 55 was found to be the widest it’s ever been.

Of those millennials between 28 and 32 that did live away from mom and dad in 2016, only 39.1% of them lived a home they owned compared with 63.2% (or 0.6 times the rate) of people ages 33 to 55.

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