Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century.
In the last four national elections, generational differences have mattered more than they have in decades. According to the exit polls, younger people have voted substantially more Democratic than other age groups in each election since 2004, while older voters have cast more ballots for Republican candidates in each election since 2006.
Today’s 18 to 29 year olds – members of the so-called Millennial Generation – see parenthood and marriage differently than today’s thirty-somethings (members of Generation X) did back when they were in their late teens and twenties, according to a new analysis of Pew Research Center survey findings. Unlike their older counterparts, Millennials value parenthood much more than marriage.