A new study from Young Invincibles has some unexpected and surprising news about Millennial parents: 20 percent of Millennial parents live in poverty, and Millennial parents have the highest poverty rates of any parents in the past 25 years.
I feel like philanthropy is something that is missing in most budgeting discussions aimed at millennials (me being one of said millennials, here). I’m biased because I work in fundraising at a nonprofit … BUT I also care deeply about making personal charitable contributions. I just wish more people were asking my generation to give back, because we can. Even when we were broke, we could, and now that a recovery is starting to peep out from the muck, it should become as intrinsic to our budget as Netflix.
“We were surprised by how fast everything happened. We weren’t planning to buy something so quickly, but ended up finding the right house in the right location and at the right price.”
Sixty-five percent of survey respondents identify as Millennials in the first pie chart, but a full eighty-two percent of our respondents are Millennials once we include the people who grudgingly admit that, yes, they were born after 1980.
“Well, I knew when I bought the place that I wasn’t long for Ohio. I was there for a job and was only going to buy a rentable property. I decided to become a landlord because this condo was in a larger building, maybe 60 units, and within walking distance from the capital. I figured if I couldn’t rent that, then the whole state had collapsed into a sinkhole.”