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Millennials are the generation of people now in their young adulthood.Roughly aged between 25 and 34.Millennials make up 13.9% of the total UK population.Millennials entered young adulthood in the midst of the 2008 financial crisis.The impact of this on their socio-economic outcomes as they have aged has been the subject of much debate.Policy makers and political commentators alike have discussed how factors such as stagnant pay, a changing labour market and the rising cost of housing have impacted upon millennials. 1 In this paper we tackle a series of questions regarding millennials, and the challenges they face.We have asked:What is the demographic make-up of the millennial generation?• Millennials are concentrated in London where around 19% of them live.• Around 17% of millennials are in non-white ethnic groups.• Around 26% of millennials were born abroad.Around 13% of millennials were born in another EU country.Are millennials underperforming in the labour market compared to other generations?4
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