Millennials were hit hardest by the Great Recession and are still struggling to recover. While the national unemployment rate was at 5.5 percent for March 2015, for young people ages 16-24, it was 12.3 percent. For Latino youth between 16-24 it was 12.4 percent, for black youth it was 18.3 percent, and for Asian youth it was 9.2 percent.
While there are many ways to define them, in general, Millennials were born between 1980 and 2000, making the generation 95 million strong. This partner research focuses on material gathered by Generation Progress and Hart Research which polled resources on Millennials and the economy.
The research was shared at the 2015 AFN Grantmaker Conference, which included both regional and community-based funders and thought leaders concerned about a common goal – providing individuals, families and communities with greater economic security and opportunities for growth. View all the 2015 Grantmaker Conference resources.
The 2015 Grantmaker Conference was sponsored by the following: The Kresge Foundation, The Annie E. Casey Foundation, MetLife Foundation, Citi Foundation, JPMorgan Chase and Company, Thomas Family Foundation, W.K. Kellogg Foundation.