2018’s Best & Worst States for Millennials
From WalletHub, Apr 10, 2018
Loved by marketers yet vilified by media, millennials are at once the most popular and unpopular generation alive. They’re soon to be the largest, too, giving them a huge influence on American culture and consumption. Today, these early-20-to-early-30-somethings who are often depicted through negative stereotypes — entitled, parentally dependent, emotionally fragile — are responsible for 21 percent of all consumer discretionary spending in the U.S.
And yet, despite their trillion-dollar purchasing power and higher educational attainment, millennials are economically worse off than their parents. Why? The financial crisis remains a big part of the reason. Millennials have come of age and entered the workforce in the shadow of the Great Recession, which has significantly reduced their job prospects and earning potential for decades to come. By one estimate, millennials today earn 20 percent less than Baby Boomers did at the same age.
But the millennial experience is not the same everywhere. WalletHub compared the 50 states and the District of Columbia to determine where this generational has thrived and struggled. They examined each state and the District across 30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate....
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Hawaii -- 38th
- 44.61 -- Total Score
- 51 -- ‘Affordability’ Rank
- 5 -- ‘Education & Health’ Rank
- 30 -- ‘Quality of Life’ Rank
- 4 -- ‘Economic Health’ Rank
- 51 -- ‘Civic Engagement’ Rank
- 51 – Housing Costs for Millennials
- 50 – Millennial Homeownership Rate
- 3 – Millennials with Health Insurance Coverage
- 4 – Lowest Millennials with Depression