Illinois named the fifth-best state for millennials, per WalletHub report
Millennials are currently the largest generation, having overtaken the baby boomers in 2019, although they are likely to lose that status to Generation Z by 2026. With a population around 80 million, millennials continue to have a huge influence on American culture and consumption, according to a new report from personal finance website WalletHub.
Millennials are responsible for 21% of all consumer discretionary spending in the U.S. with trillion-dollar purchasing power and higher educational attainment than previous generations. However, millennials are also worse off economically than their parents with reduced job prospects and earning potential due to the Great Recession.