Millennials are painted as young, frivolous 20-somethings who love selfies and spend too much money on avocado toast. 🥑
However, the oldest millennials enter middle age this year.
Here's what life looks like for the typical 40-year-old millennial. ⬇️
businessinsider.com/typical-40-yea…
The typical 40-year-old millennial was one of those hardest hit by the Great Recession.
From the very beginning of their careers, they entered a dismal labor market that set them up for a long recovery.
businessinsider.com/typical-40-yea…
Wages haven't kept up with soaring living costs for everything from healthcare to housing, creating a financial imbalance that's been difficult for the 40-year-old millennial to rectify.
businessinsider.com/millennials-la…
The wealth gap is closing between older millennials and older generations.
A 2018 study found that people born in the 1980s have median levels of wealth 38% less than generations below them — follow-up in 2021 showed the wealth deficit narrowing to 11%.
businessinsider.com/typical-40-yea…
They also have $128,000 in debt. While some of this may be from student loans, they don't carry the weight of student debt as much as younger millennials.
A mortgage is typically their biggest debt.
businessinsider.com/typical-40-yea…
As millennials delay marriage and homeownership, they've delayed childbearing until they feel more financially sound.
More women are having kids at a later age than ever.
businessinsider.com/pandemic-baby-…
The typical 40-year-old millennial dissociates from their generation. Caught between Gen X and millennials, they almost feel generationless.
They are largely seen as being part of a microgeneration, with names such as “Xennial” and “Geriatric millennial.”
businessinsider.com/typical-40-yea…
They're fluent in the early days of the internet and have been able to easily adapt to newer forms of digital media, like TikTok.
With the skills of both older and younger generations, leadership expert Erica Dhawan said, they can be an asset at work.
businessinsider.com/typical-40-yea…
🗣Older millennials:
What generation do you identify with?
businessinsider.com/typical-40-yea…
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