Millennials are just getting started Millennials are just getting started http://www.federatedinvestors.com/static/images/fed-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\infographic\dream-home-small.jpg August 14 2019 August 19 2019

Millennials are just getting started

Millennials' biggest impact on consumption and housing will come in the years ahead.
Published August 19 2019
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Infographic published [TK]. Title: Millennials are just getting started. Millennials’ biggest impact on consumption and housing will come in the years ahead. Average age at key life events for first marriage. The average age of a person at their first marriage for people born between 1940-1954, the average age was 22. For people born between 1955-1969, the average age was 24.7. For people born between 1970-1984, the average age was 26.2. For people born between 1985-200 the average age was 28.2. Average age at key life events for first childbirth. The average age of a person at their first childbirth for people born between 1940-1954, the average age was 21.4. For people born between 1955-1969, the average age was 23.8. For people born between 1970-1984, the average age was 25.1. For people born between 1985-200 the average age was 26. Average age at key life events for first home purchase. The average age of a person as a first-time homebuyer for people born between 1940-1954, the average age was 29. For people born between 1955-1969, the average age was 33.3. For people born between 1970-1984, the average age was 32.5. For people born between 1985-200 there is currently no data. The National Association of Realtors says it’s too early to gauge the average age of millennial homebuyers, but this generation is waiting longer than their parents and grandparents to venture in to homeownership. Information sources for this graph include: US Centers for Disease Control and Prevention; National Association of Realtors; US Census Bureau; McKinsey Global Institute analysis.