Just when we thought we knew everything and owned the world by demographics, someone came along and said it ain’t so.
Did you hear? Millennials will overtake Baby Boomers in Population this Year
The folks at Pew Research say that Baby Boomers, what we always thought to be the largest generation, peaked at 78.8 million in 1999.
Pew says that last year there were (a projected 75.4) million Boomers. By midcentury, the Boomer population will dwindle to 16.6 million.
As far as a ‘living generation goes”
Pew says that in this year, the “Millennial” generation is projected to surpass us Baby Boomers as the nation’s largest living generation. This is according to the population projections released by the U.S. Census Bureau.
Millennials are defined as being between ages 18 to 34 in 2015. Boomers are now ages 51 to 69.
Census data says that there are a projected 75.3 million Millennial’s this year. This year Millenial’s are surpassing the 74.9 million Gen Xer’s (ages 35 to 50). Millenial’s are projected to outnumber us Boomers by 2028.
So what is growing the Millenial Generation?
The Millennial generation is growing thanks to young immigrants. Boomer numbers are shrinking as we move on from life at a pace faster than the immigration numbers of boomers.
The Millennial population is projected to peak in 2036 at 81.1 million. By 2050 there will be a projected 79.2 million Millennials.