11 Eye-Opening Facts About Millennials That Nobody Ever Told You About

One can argue that Millennials, a super fast generation, has the best of most things. We think differently, we work differently and we have a lot of other things that set us apart. Similarly, if we look at the statistics and facts on millennials, a lot of things we didn’t have a clue about can finally be revealed. And on that note, here are some eye-opening facts on millennials that no one told you about: 

1. Millennials are staying single much longer than previous generations. According to a survey from the Pew Research Center, just 23% of adults ages 18-31 were married and living in their own households in 2012, as opposed to 56% in 1968. 

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2. Millennials are earning 20% less than their parents did. This is why they are delaying many life events like marriage and home ownership. The average worker in the 24-36 age group earns $10,000 (a little more than Rs 7 lakh) less than their parents’ generation did at the same age, which translates to roughly 20% less purchasing power.

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3. 90% of millennials have a smartphone—most of whom (93%) use it to access the Internet—and 53% own tablets.

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4. Millennials are apparently the chief wage earners in India with a 47% share in the working age population. 

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5. 90% of millennials use coupons, unlike their parents who used paper currency.

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6. “They spend three times as much on restaurant visits than on any form of entertainment, including cinema, theatre, and other recreational activities,” research and insights firm Nielsen said in a note released in December 2017.

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7. Millennials save an average of 8% of their salaries for retirement. Despite the lower salaries and higher debt levels, millennials do just as good a job of saving for retirement as older generations.

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8. 93% of millennial renters plan to buy a home someday. The vast majority of millennials want to own homes someday in the future, according to data from Trulia. 

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9. 78% of millennials would choose to spend money on a desirable experience over buying something that is desirable.

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10. According to a FlexJobs report, 6 in 10 millennials think that they would be more productive at home as opposed to working in an office.

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11. 54% of millennials either want to start a business or already have started one.

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