We’ve written quite a bit this year about the pitiable plight of millennials.
Weighed down by a $1.3 trillion mountain of student debt, a labor market that churns out waiters and bartenders at the expense of breadwinner jobs, an inexorable increase in the cost of housing, and an economic "recovery" that never really materialized, more and more young Americans are becoming disillusioned with the “American Dream.”
Indeed nearly a third of those aged 18-35 now say the “American Dream” is “not alive”...
...while 31.5% of Americans in the same age group now live back at home with their parents.
Against that rather dismal backdrop, Bloomberg reports that millennials have now surpassed baby boomers as the largest share of the U.S.'s voting-age population.
“The U.S. now has 88 million millennials, people born 1981 to 2000,” Zara Kessler writes. “This generation has tremendous political clout: Three of 10 voting-age Americans are millennials, and more members of the generation reach voting age each day.”
Here are some images and color from Bloomberg’s millennials infographic:
The millennial generation is already the largest in the U.S. No new millennials are being born — but the generation continues to grow because of immigration.
About 15 percent of young adults are foreign born.
More than older Americans, millennials resist identifying with political parties.
The generation leans strongly Democratic but on the issues, millennials aren’t predictably liberal. On marijuana legalization and same-sex marriage, they're left of center. They've shifted right on gun policy.
There's quite a bit more in the full infographic (which you're encouraged to review) including a discussion of millennials and Obamacare, but this seems to be Bloomberg's point: "A by-the-numbers look shows a generation poised to take over [and] politicians ignore millennials at their peril."
"They will form the largest share of the voting-age population for decades, beginning this year [and] they have the power to swing the presidential election by turning out to vote — or crush a candidate by staying home," Kessler goes on to declare.
We're note sure if Bloomberg was trying to make a point here or not in the wake of Trump's Muslim decree, but it's worth asking whether the fact that the largest share of the voting age population generally leans Democrat and 15% of those voters are foreign born might spell trouble ahead for the Teflon Don. As usual, we'll leave it to readers to discuss.