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Meet the typical 40-year-old millennial, who has $128,000 in debt, is not nearly as wealthy as their parents were, and is known as ‘geriatric’
The oldest millennials enter middle age this year. Many don’t identify with the rest of their generation and are financially behind older generations.
The oldest millennials enter middle age this year.
The generation is now aged between 25 and 40, according to the Pew Research Center’s definition.
Yes, like everyone, millennials are aging, but it’s a hard concept to grasp when the media narrative has painted millennials as young, frivolous 20-somethings who love selfies and can’t afford anything because they spend too much money on avocado toast.
It’s an inaccurate picture of the generation, which has been shaped by technological advancements and a broken economy. But the typical 40-year-old millennial especially doesn’t quite align with this image. Many feel they embody some characteristics of both Gen X and millennials, having experience with both analog and digital worlds.
Millennials are known for battling a series of economic challenges, from student debt to the Great Recession. The typical 40-year-old millennial bore the brunt of the financial crisis…
