All articles tagged with #millennials
Fortune argues that Baby Boomers, by dominating jobs, owning most large homes, and aging in top roles, suppressed wages and constrained housing for younger Americans for decades; as Boomers retire, a tighter labor market, housing shortages, and weak leadership succession threaten the economy and compel institutions to reinvent transitions.
Fortune reports Gen Z grads face a notably tougher job market than their millennial predecessors: about 58% of 2024–2025 graduates were still seeking their first job, and only around 12% landed full-time work by graduation, compared with higher prior-generation rates; globally, about 4.3 million Gen Z are NEETs, with UK NEETs rising too. AI-enabled hiring and a squeeze on entry-level roles are shrinking opportunities, prompting grads to pursue unconventional paths and urging earlier entry into the workforce as the traditional college-to-career promise weakens.
Redfin’s 2024 census analysis shows boomer empty-nesters own 28% of three-plus-bedroom homes, almost double the 16% share held by millennial families and far more than Gen Z parents. Millennial families’ largest-home ownership is around 19% in Austin, Columbus and Minneapolis, while Los Angeles, Miami and San Jose range from 11–13%. Boomer empty-nesters own more than 30% of large homes in Memphis, Cleveland and Pittsburgh. Older homeowners stay put due to mortgage-free status or low rates, while millennials face supply and affordability constraints that limit upgrades; millennial share has grown from about 5% in 2014 to 16% in 2024, partly by buying homes once owned by older generations. More large homes may hit the market as rate-locks loosen and owners reassess their mortgages.
New data, to be presented at Digestive Disease Week, show rectal cancer deaths are rising rapidly among 20–44-year-olds, with rectal cancer mortality increasing up to three times faster than colon cancer and potentially surpassing colon cancer deaths by 2035; many cases occur with few risk factors, underscoring mystery about causes and the need for early symptom awareness. Current screening generally begins at 45 for average risk, making early detection crucial; the American Cancer Society projects about 158,850 new colorectal cancers and 55,230 deaths in 2026, with a growing share of cases in younger adults, including larger increases among Hispanic populations.
Millennials and Gen Z are driving a surge in estate sales as aging baby boomers downsizing, with demand for midcentury decor, vintage fashion, and sterling silver fueled by online marketplaces and resellers, reshaping pricing and how households pass possessions to new generations.
GameStop posted a memo designating the Xbox 360, PS3, and Wii U as retro artifacts, triggering a wave of Millennial nostalgia as fans reminisce about Halo 3, Call of Duty 4, and the golden-era online lobbies that defined their youth.
A global study analyzing four decades of US death data finds that those born around 1970–1985 (late Gen X and older millennials) now show higher mortality across major causes than earlier generations, with rising deaths from colon cancer, cardiovascular disease, and external causes like overdoses and suicides. The researchers link widening social and economic inequalities and stress to these trends, while noting that public health gains (e.g., tobacco control) show reversals are possible if obesity, diet, substance use, and inequality are addressed.
Despite a 5% GDP target and resilient exports, China’s Gen Z and millennial workers face high unemployment, a collapsing housing market, and a scarcity mindset that is dampening consumption and potentially weighing on global growth.
Millennials have become America’s largest wine-drinking generation, overtaking baby boomers, with Gen Z also embracing wine more. The Wine Market Council finds millennials at 31% of U.S. wine drinkers (boomers 26%), prompting wineries to tailor messaging, education, and shopping experiences. Strategies include multi‑generational education programs, flexible sales models (allocations vs. buy‑now), and streamlined e‑commerce, with a strong emphasis on sustainability and authentic storytelling in Napa Valley and Sonoma.
Many millennials feel disillusioned with the current state of the internet, which is now dominated by rage bait and large platforms, contrasting with the more community-driven and discovery-oriented web of the past, such as the days of LiveJournal and MySpace.
American Girl dolls, celebrating their 40th anniversary, have become symbols of nostalgia and empowerment for millennials, reflecting evolving societal values and diverse stories, while also serving as a mirror to their own growth and changing perspectives on girlhood and history.
A growing trend among Millennials and Gen Z involves renting out clothes and accessories through apps like Pickle, allowing users to earn money and access luxury items affordably, driven by economic pressures and a focus on sustainability.
Christie's is shifting its focus towards millennials and luxury goods to combat challenges in the traditional art market, aiming to attract a new generation of buyers amid industry struggles.
Zohran Mamdani's election victory has sparked a nationwide movement indicating that more millennial and Gen Z candidates are running for office, driven by a desire for change and effective use of social media, with both Democratic and Republican parties seeing increased youth engagement.
Hilary Duff has returned to music after over a decade with her new single 'Mature,' resonating with millennial nostalgia and marking a significant moment in her career, complemented by a forthcoming docuseries about her life and musical comeback.