And They’re About to Take Over

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.