Millennials are now increasingly optimistic about their own future value and stability.They are obtaining employment at a significantly higher rate than total population, managing to sustain these jobs and, even still, avoiding risky investment decisions. Millennials are now at the most accessible point since the recession for durable purchases.
3. While Millennials Make Up 25% Of Total Employed,
They Now Make Up 37% Of Those Newly Employed
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Share of Total Employed Q2:14
25%
75%
31.8 M
95.7 M
Millennial Non-Millennial
Share of Growth Q2: 2013-2014
37%
63%
Millennial Non-Millennial
However, according to a recent Deloitte report, 18% of
Millennial graduates are underemployed.
Source: SSG analysis of BLS Quarterly Census of Labor Force Statistics Quarter 2 2010- 2014;
Millennial Base: 25-34
Source: Deloitte report on The Class of 2012 Labor Market- Shierholz, Sabadish, and Wething
+500K
+900K
Total Employed: 127.4 M Net Growth: 1.5 M
7. Millennials Are Increasingly More Confident,
Feeling Financially Better Now than Last Year
But Still Careful About Taking Major Financial Risk = Debt
% Very Likely to Buy Home in Next 12 Months Among Employed
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Since 2010, Millennial
confidence in overall
financial stability has
significantly increased.
24% 33%
2010- 2013
change :
+12%
Though increasing,
Millennials’ likelihood
to buy a home still low.
10% 11%
2010- 2013
change :
+5%
Source: SSG Analysis of Gfk MRI 2010-2013 DoubleBase Survey of the American Consumer; Consumer
Confidence - Financially How Are You/Household Than Last 12 Months: Better now.; Your Intentions - How
Likely In The Next 12 Months: Buy your first or second house/residence Very Likely; Base: Employed 25-34
8. Millennials Speeding Ahead In Jobs &
Optimism Yet with Restrain
Millennials are obtaining employment at a significantly
higher rate than total population, managing to sustain
these jobs and, even still, avoiding risky investment
decisions.
Though hit hardest and longest by the recession,
Millennials are now increasingly optimistic about their own
future value and stability.
Millennials are now at the most accessible point since the
recession for durable purchases; in time for a merrier
Holiday season!
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