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Fast Facts
Interesting facts and quotes about Association membership and public education in Maine and beyond. Have an idea or stat you want shared? Send it along with your name and local to gbechard@maineea.org
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Who are the young educators? Millennials are now the
largest, most diverse
generation in the US population.
Millennials made up
1/3
of the total US population in 2013
On Employment
On Education More Millennials have a college degree than any other generation of young adults.
47% 18%
of 25-34 year olds received a post-secondary degree and have completed some postsecondary education.
Source: Council of Economic Advisers calculations based on current population survey
Working Millennials are staying with their early-career employers for longer.
On Homeownership Entering adulthood during the Great Recession:
31%
of 18-34 year-olds in 2014 lived with their parents and the share of those who have jobs and still live with their parents has increased as well.
Rising student loan debt decreases prospect of homeownership, with total student outstanding loan debt nationwide surpassing $1 trillion in 2014.
Sourcea: Bureau of Labor Statistics, Council of Economic Advisers calculations College Board; Dept. of Education
18
Maine Educator • February 2016
On Finance and Family
$
19,200
median income of Millennials in Maine—which ties with New Mexico for the 4th lowest in the nation.
67%
of those younger than 30 have a credit score below 680—a lower score on the 300 to 850 spectrum
Millennials tend to get married later than previous generations 30% of 20-34 year-olds in 2013 vs. 77% in 1960, but College-educated Millennials are more likely to be marrieD.
Sourcea: Business Insider analysis of data from the “American Community Survey” Decennial Census (1960); American Community Survey (2013) Current Population Census; Council of Economic Advisers calculations Federal Reserve Bank of New York
