Despite being a generation with a record number of college degrees, the economy during Gen Y’s early career years has been more than challenging:
- 16% of the 86 million US Millennials are unemployed
- 36% of Millennials moved back home with parents, the highest rate in four decades
- 66% of Millennials begin their post-college life saddled with school loan debt
- 58% of employers say they have NO plans to hire a recent college graduate
Despite these challenging economic conditions, Millennials are setting out to change the world:
- Millennials put in 1 Billion – billion, with a ‘b’ – hours of volunteer service
- 70% of college freshmen believe it is essential or very important to help people in need, the highest rate surveyed since 1970
- 83% of Millennials surveyed had made a financial gift to an organization
Time will tell, but Millennials just may end up becoming known as (the second) Greatest Generation. Or maybe the “Give Before You Take” generation.
For more interesting data points focused on the Millennial generation, including a myth here and there, check out this infographic from OnlineMPADegrees.com:
Image courtesy of robertjgraham.com… thank you!