They’re single. They’re independent. They’re diverse. They’re not into organized religion, but they worship at the altar of social media. They don’t trust people, but they have a lot of friends on Facebook. And aside from the ones who have sold messaging app companies for $19 billion, they’re pretty much broke, yet they’re quite optimistic about the future. Pew provides some background on the state of the Millennials: Detached from Institutions, Networked with Friends.

+ “As consumers, Millennials have been slow to accumulate wealth. They have huge debt. They’re facing unprecedented underemployment. They’ve been relatively unaddressed as a generation by banks.” Sorry banks. Millennials hate you.

+ Bloomberg: College grads taking low-wage jobs displace less educated.