The Millennial Enigma: The Typical Millennial May Not Be So Typical After All

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A new survey shows that Millennials may be more traditional than anyone thought in how they are approaching their future in terms of marriage, children, and home ownership.

June 22, 2016

Photo: ITU Pictures/Creative Commons.

The general consensus about individuals in the Millennial generation is that they are contrarians that love going against the grain. People before us liked to move to the suburbs and buy a home? Forget that, we are going to the city and rent, they say. Married in early twenties with a few kids right after? No thanks, add about ten years or so to that. Those darn millennials, always so difficult, right?

Well, maybe not. A new survey from Credit Karma shows that Millennials may be more traditional than anyone thought in how they are approaching their future. For example, marrying in their twenties isn’t quite so odd for Millennials as previously thought. In fact, 83 percent of Millennials plan on getting married and of the 52 percent of respondents who are already married, the majority did so in their twenties.

Another 74 percent of respondents say they either plan to have children in the future or have one or more children currently. Millennials are also very interested in owning a home, contrary to popular belief, its just that many of them are hindered by affordability issues such as trouble saving for a down payment or paying off student debt.
For the full survey results, click the link below.

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