Twenty-eight percent of millennials don’t hold full-time jobs. Nearly half of all millennials still live at home with their parents. Studies reveal that many millennials are putting off big life changes — getting married, buying homes, starting families — because they’re paying off hefty student loans.
The economic news for Americans ages 18 to 34 hasn’t been rosy for quite some time. As a group, millennials are poorer than the young adults of past generations.
Census statistics show that a large group of millennials — about 28 million out of 70 million in all (40%) — are not enrolled in school and are making less than $10,000 a year at their jobs.
40 percent of millennials still receive financial support from their parents.