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Younger Millennials Are U.S. Prosperity’s Best Hope

By now we’re all familiar with the plight of the millennial generation, those born after 1980. They owe the bulk of America’s $1 trillion in student debt. They have little or no savings. A third still live at home with their parents. Those with jobs are often underemployed and underpaid. Not only have they delayed the typical trappings of adulthood—marriage, home, kids—they may be stuck in perpetual adolescence.

Millennials do have one big thing going for them: numbers. At 4.3 million, 23-year-olds are now the single largest age group in the U.S. According to U.S. Census data, there are more people in their twenties (44.5 million) than in their thirties (41 million), forties (41.7 million), or fifties (43.8 million).

via Younger Millennials Are U.S. Prosperity’s Best Hope – Businessweek.

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