5 facts about Millennial households https://t.co/alKNQZOuR9 pic.twitter.com/8kEXEkrcmq
— PewResearch FactTank (@FactTank) September 19, 2017
Millennials are the largest living generationby population size (79.8 million in 2016), but they trail Baby Boomers and Generation Xers when it comes to the number of households they head. Many Millennials still live under their parents’ roof or are in a college dorm or some other shared living situation. As of 2016, Millennials (ages 18 to 35 in 2016) headed only 28 million households, many fewer than were headed by Generation X (ages 36 to 51 in 2016) or Baby Boomers (ages 52 to 70).
Even so, the latest available Census Bureau data indicate that Millennial-run households represent the largest group in some key categories, such as the number of households living in poverty.
Looking at households is important because many economic and spending decisions, such as whether to own or rent a home, tend to revolve around the household rather than the individual adult. Here are five facts about Millennial households….