Millennials Outnumber Baby Boomers

Two couples outdoors smiling

According to the U.S. Census Bureau, Millennials outnumber Baby Boomers for the first time. Nationally, the number of millennials totals 83.1 million, representing more than a quarter of the nation’s population. Baby Boomers represent 75.4 million.

In Colorado, millennials (ages 20 to 34) number 1,107,469, compared to Baby Boomers (ages 55-74) which number 958,289.  

In Denver, millennials account for 176,458 of the population, while Baby Boomers make up 99,095 of it.

They’re also the workforce’s largest age group, which means that local leaders see attracting millennials as more important than ever before.

Simultaneously, however, millennials are being priced out of housing in metro Denver, a major point of concern for the state’s continued growth and economic expansion.

Be sure to check out and follow us on Tumblr where we blog about these kinds of topics and others that affect our real estate market.


 
Categories:

 

 

Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.

Leave a Reply