Ah, millennials. We love to hate you, what with your $200 headphones, sticker-covered MacBook Airs, and entitled workplace attitudes.
We should really cut you more slack, though. That overpriced technology and inflated job title might be about all you have to hold onto these days. The world has really screwed you, and we're not just talking about lifelong college loans and $100 concert ticket prices.
In a presentation called “Young Adults: Then and Now,” the U.S. Census this week revealed some pretty sad data for the 73 million 18- to 34-year-olds in the United States. We looked at some of the numbers for California and greater L.A.
One out of every four people in the greater L.A.-Long Beach-Anaheim metro area is between the ages of 18 and 34, the Census says.
More than one in three of you, about 35 percent, live with at least one of your parents in California. In greater L.A. the figure is 38 percent. That compares to a 30 percent rate of parental living nationwide.
Only five percent of young adult Californians live alone. You either have roommates, live with family, or pile on like dogs under a bridge somewhere. Seriously. In L.A. that figure is nearly 6 percent—a little better.
Nearly one in five you, about 19 percent, officially live in poverty. That's actually slightly lower than the national rate, the Census says. In greater L.A. the young adult poverty rate is 18 percent.
Only 62 percent of young California adults are employed! That compares to 71 percent in 1980. And it compares to 65 percent today on a national basis. In greater L.A. the number is about 64 percent. (Congrats).
This especially sucks because millennials are more educated than young adults in the past. One in five of you (22 percent) has a degree compared to about 16 percent of the same age group in 1980, the Census says.
In L.A., the degree rate for young adults is 23 percent.
The median income for you people in California is about $36,000, which is down from a peak of $40,000 in 1990 (back in the days when the future was so bright, you had to wear shades). In greater L.A. that number today is even lower, says the Census: About $34,000.
Two-thirds of you, 66.6 percent, belong to a minority ethnic or racial group in California (which is not a bad thing, we're just pointing it out). In L.A. the minority ratio for young adults is a whopping 73 percent, nearly three-fourths. That compares to a rate of about 43 percent nationwide.
Keep your heads up, millennials. Someday this shall pass, and you will be in charge.