The Millennial Generation Is Growing Up

Yesterday Investor’s Business Daily posted an article observing changes in the political affiliation of the millennial generation. Winston Churchill once said, “If you’re not a liberal at twenty you have no heart, if you’re not a conservative at forty you have no brain.” The millennial generation is illustrating the truth of that statement. The millennial generation is roughly defined as those people currently between the ages of eighteen and thirty-five. As they are aging, some of their political ideas are changing. It should also be noted that the millennial generation is 71 million strong and almost as large as the baby boomer generation.

As the millennial generation grows up, they are getting married, buying homes, and starting families. They are beginning to re-evaluate the liberal ideas they espoused in their younger years and to calculate the cost of some of these lofty visions.

The article reports:

According to the census data, the median age at which women are getting married is now 27.4, and for men it’s 29.5. Given that the age range for millennials is roughly 18 to 38, that’s right in the middle of this generation.

Marriage alone can make a big difference in terms of political views. The IBD/TIPP poll, for example, has consistently found that married women are far more conservative on most issues than single women.

The article explains the impact of the Trump economy of the millennials:

There’s another factor at play here. And that’s the upturn in the economy under President Trump.

For years, millennials suffered as President Obama’s policies of tax, spend and regulate produced the weakest economic recovery in modern times. Wages stagnated, millions of workers left the workforce entirely, and surveys showed that millennials were staying in their parents’ homes in record numbers.

Many have no doubt noticed the change in the economy since President Trump started dismantling the regulatory state and since Republicans passed the epic tax reform.

The employment-to-population ratio among 24- to 34-year-olds, for example, is finally back to its pre-recession level of 79%, after remaining stuck in the low- to mid-70% range for most of the Obama years.

The Economic Optimism Index among those age 18 to 24 is now at 59.3, according to the IBD/TIPP Poll. It has averaged 57 since Trump took office. (Anything over 50 is optimistic, under 50 is pessimistic.) Among those age 25 to 44, the optimism index is 53.5, which is higher than the overall index.

Please follow the link above to read the entire article–there is a lot of surprising information included in the article.