Millennials: The Growing Generation

Millennials, I hear a lot of talk about this generation. As you usually do concerning the next generation.  It is my hope that this group of young Americans will be the generation that brings organized labor back to the high density numbers in the work force experienced in its most influential days.  Thus raising the middle class standard of living to new heights.

Let me share a few facts about millennials that might help you understand my optimism. 

  1. Millennials are the most educated and lowest paid generation ever.
     
  2. Millennials are saving more money than recent past generations.
     
  3. Millennials will comprise more than one in three of adult Americans by 2020.
     
  4. Millennials will make up as much as 75% of the U.S. workforce by 2025.
     
  5. 87.5% of millennials disagreed with the statement, "money is the best measure of success."
     
  6. 64% of millennials would rather make $40,000 a year at a job they love, than $100,000 a year at a job they think is boring.
     
  7. 83% of millennials agree with the statement, "there is too much power concentrated in the hands of a few big companies."
     
  8. Millennials account for more than $1 Trillion in U.S. consumer spending.

 

This socially conscious generation will have a great deal to say about what direction their lives, and the middle class will take.  It is my belief that their social activism and care for society as a whole is what will bring union density numbers up, and therefore the middle class along with it.