Wednesday, April 29, 2015

American Generations in 2014

The Millennial generation outnumbered Baby Boomers by more than 3 million in 2014, making it the largest generation by a considerable margin. One in four Americans is a Millennial. Here are the results of a Demo Memo analysis of the Census Bureau's population estimates, showing the size of each generation in 2014 (and its share of the total population)...

Recession (aged 0 to 4): 19,876,883 (6%)
iGeneration (aged 5 to 19): 62,258,719 (20%)
Millennial (aged 20 to 37): 78,511,320 (25%)
Generation X (aged 38 to 49): 49,318,533 (15%)
Baby Boom (aged 50 to 68): 75,438,644 (24%)
Older Americans (aged 69-plus): 33,452,957 (10%)

The generations are changing as they age. Between 2010 and 2014, the number of Older Americans fell by 7 million—a substantial 17 percent decline. The Baby-Boom generation is shrinking too, falling by 2 million during those years. In contrast, Generation X's numbers have been stable. Thanks to immigration, the Millennial generation grew by nearly 2 million between 2010 and 2014. The iGeneration is also expanding because of immigration. The Recession generation, the youngest, is growing the most as each annual crop of newborns joins its ranks.

Source: Demo Memo analysis of the Census Bureau's 2014 Population Estimates

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